PROPOSED ACQUISITION BY ASIA POLY GREEN ENERGY SDN BHD ("APGESB"), A
WHOLLY-OWNED SUBSIDIARY OF THE COMPANY OF 4,500,000 ORDINARY SHARES IN DOLPHIN BIOGAS SDN BHD ("DBSB"), REPRESENTING 80% EQUITY INTEREST IN DBSB FROM DOLPHIN INTERNATIONAL BERHAD ("DIB") FOR A PURCHASE CONSIDERATION OF RM2,123,675.50 TO BE SATISFIED IN FULL BY CASH AND THE ASSUMPTION OF LIABILITIES COMPRISING RM341,270.90 OWING BY DBSB AND ITS SUBSIDIARY TO DOLPHIN APPLICATIONS SDN BHD ("DASB"), A WHOLLY-OWNED SUBSIDIARY OF DIB, AS WELL AS ANY ADVANCES BY DIB TO DBSB AND ITS SUBSIDIARY FROM THE DATE OF THE CONDITIONAL SALE OF SHARES AGREEMENT DATED 31 JANUARY 2020 ENTERED INTO BETWEEN APGESB AND DIB ("ACQUISITION SSA") UP TO THE COMPLETION OF
THE ACQUISITION SSA ("PROPOSED ACQUISITION")

PROPOSED DIVERSIFICATION OF THE PRINCIPAL ACTIVITIES OF THE COMPANY
AND ITS SUBSIDIARIES TO INCLUDE RENEWABLE ENERGY BUSINESS AND RELATED ACTIVITIES ("PROPOSED DIVERSIFICATION")

PROPOSED DISPOSAL BY THE COMPANY OF 2,940,000 ORDINARY SHARES IN ASIA POLY FOOD AND BEVERAGE SDN BHD ("APFBSB"), REPRESENTING ITS ENTIRE 49% EQUITY INTEREST IN APFBSB TO DIB FOR A TOTAL DISPOSAL CONSIDERATION OF RM10,780,000 TO BE SATISFIED VIA RM5,880,000 IN CASH AND THE BALANCE CONSIDERATION OF RM4,900,000 VIA THE ISSUANCE OF 64,473,684 NEW ORDINARY SHARES IN DIB ("DIB SHARE(S") AT AN ISSUE PRICE OF RM0.076 PER DIB SHARE ("PROPOSED DISPOSAL")