CIRCULAR TO SHAREHOLDERS IN RELATION TO (I) PROPOSED CONSOLIDATION OF EVERY 20 ORDINARY SHARES IN GLOBALTEC FORMATION BERHAD ("GLOBALTEC") HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("ENTITLEMENT DATE") INTO 1 ORDINARY SHARE IN GLOBALTEC ("CONSOLIDATED SHARE"); AND (II) PROPOSED ISSUE OF UP TO 67,271,723 FREE WARRANTS IN GLOBALTEC ("WARRANTS") ON THE BASIS OF 1 WARRANT FOR EVERY 4 CONSOLIDATED SHARES HELD ON THE ENTITLEMENT DATE