Circular To Shareholders In Relation To The (i) Proposed Capitalisation Of An Aggregate Amount Of RM11,301,266.80 Debt Owing To Goh Hardware & Construction Sdn Bhd ("GOh Hardware" Or "Creditor") By Scib Properties Sdn Bhd ("Scib Properties"), A Wholly-owned Subsidiary Of Sarawak Consolidated Industries Berhad ("Scib") Via The Issuance Of 18,496,345 New Ordinary Shares In Scib ("Shares" Or "Scib Shares") ("Capitalisation Shares") At An Issue Price Of RM0.6110 Per Capitalisation Share ("Issue Price") ("Proposed Capitalisation"); And (ii) Proposed Establishment And Implementation Of A Long Term Incentive Plan ("Ltip") Of Up To 15.0% Of The Companys Total Number Of Issued Shares (Excluding Treasury Shares, If Any) At Any Point Of Time During The Duration Of The Ltip For Eligible Directors Of Scib And Employees Of Scib And Its Non-Dormant Subsidiary(Ies), Who Fulfil The Eligibility Criteria As Set Out In The By-laws Of The Ltip ("Proposed Ltip") (Collectively, The "Proposals"); And Notice Of Extraordinary General Meeting

Please refer attachment below.

Attachments

1. SCIB_-_Circular_(16_February_2024)_20240216.pdf (Size: 984,197 bytes)