INITIAL PUBLIC OFFERING IN CONJUNCTION WITH THE TRANSFER OF LISTING OF ENEST GROUP BERHAD FROM THE LEAP MARKET OF BURSA MALAYSIA SECURITIES BERHAD (“BURSA SECURITIES”) TO THE ACE MARKET OF BURSA SECURITIES COMPRISING: (I) PUBLIC ISSUE OF 116,250,000 NEW ORDINARY SHARES IN THE COMPANY (“SHARES”) IN THE FOLLOWING MANNER: 29,063,000 NEW SHARES AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC; 8,719,000 NEW SHARES AVAILABLE FOR APPLICATION BY THE ELIGIBLE DIRECTOR, EMPLOYEES, AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF THE GROUP; 72,656,300 NEW SHARES BY WAY OF PRIVATE PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INVESTMENT, TRADE AND INDUSTRY; AND 5,811,700 NEW SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS; AND (II) OFFER FOR SALE OF 15,054,000 EXISTING SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS, AT AN ISSUE/OFFER PRICE OF RM0.13 PER SHARE, PAYABLE IN FULL UPON APPLICATION.