INITIAL PUBLIC OFFERING ("IPO") IN CONJUNCTION WITH THE LISTING OF GUAN HUAT SENG HOLDINGS BERHAD ("GHS HOLDINGS" OR "COMPANY") ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") COMPRISING: (I) PUBLIC ISSUE OF 120,000,000 NEW ORDINARY SHARES IN GHS HOLDINGS ("PUBLIC ISSUE SHARES") IN THE FOLLOWING MANNER: 23,800,000 PUBLIC ISSUE SHARES MADE AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC; 14,000,000 PUBLIC ISSUE SHARES MADE AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS, EMPLOYEES AND OTHER PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR GROUP; 23,000,000 PUBLIC ISSUE SHARES MADE AVAILABLE BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS; AND 59,200,000 PUBLIC ISSUE SHARES MADE AVAILABLE BY WAY OF PRIVATE PLACEMENT TO SELECTED BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INVESTMENT, TRADE AND INDUSTRY; AND (II) OFFER FOR SALE OF 21,000,000 EXISTING ORDINARY SHARES IN GHS HOLDINGS ("OFFER SHARES") BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS; AT AN ISSUE/ OFFER PRICE OF RM0.25 PER PUBLIC ISSUE SHARE/ OFFER SHARE PAYABLE IN FULL UPON APPLICATION.