CN Asia Bhd : Notice of EGM

CN ASIA CORPORATION BHD

Registration No. 199601027090 (399442-A)

(Incorporated in Malaysia)

NOTICE OF EXTRAORDINARY GENERAL MEETING

NOTICE IS HEREBY GIVEN THAT an extraordinary general meeting ("EGM") of CN Asia Corporation Bhd ("CN Asia" or the "Company") will be held virtually through live streaming and online remote voting via the online meeting platform at Tricor Investor & Issuing House Services Sdn Bhd's ("Tricor") TIIH Online website at https://tiih.online from the Broadcast Venue at Leadership Room, Unit 32-01,Level 32, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur, Malaysia on Friday, 24 June 2022 at 11.30 a.m. or immediately after the 26th annual general meeting of the Company (which will be held at the same Broadcast Venue on the same day at 10.30 a.m.), whichever is later, or at any adjournment thereof, for the purpose of considering and if thought fit, passing with or without modifications, the following ordinary resolution:

ORDINARY RESOLUTION

PROPOSED RATIFICATION OF THE DIVERSIFICATION OF THE BUSINESS OF CN ASIA AND ITS SUBSIDIARIES ("GROUP") TO INCLUDE MONEYLENDING BUSINESS ("PROPOSED RATIFICATION")

"THAT approval be and is hereby given to the Company to ratify the diversification of the business of the Group to include moneylending business.

AND THAT the Directors of the Company be and are authorised to do all acts, deeds and things and execute, all documents as they may deem fit or expedient in order to carry out, finalise and give effect to the Proposed Ratification with full powers to assent to any conditions, modifications, variations and/or amendments as may be required or permitted by any relevant authorities and to take all steps as they may consider necessary or expedient in the best interest of the Company in order to implement, finalise and give full effect to the Proposed Ratification."

By Order of the Board

Mohd Zakie Bin Soad (LS0008268) (SSM PC No. 201908002382)

Company Secretary

Selangor Darul Ehsan

3 June 2022

Notes:

Members entitled to attend

1. Only depositors whose name appear in the record of depositors as at 16 June 2022 shall be regarded as members and entitled to attend, speak and vote at the meeting or appoint a proxy or proxies to attend and/or vote in his stead.

Appointment of Proxy

1. A member entitled to attend and vote at the meeting is entitled to appoint up to two (2) persons to attend, participate, speak and vote at the same meeting instead of him and that a proxy may but need not be a member of the Company and there shall be no restriction as to the qualification of the proxy.
2. Where a member appoints two (2) or more proxies, the proportion of shareholdings to be represented by each proxy must be specified in the instrument appointing the proxies. The appointment shall not be valid unless he specifies the proportions of his holdings to be represented by each proxy.

1. A member who is an authorised nominee as defined in the Securities Industry (Central Depositories) Act 1991
   ("SICDA") may appoint not more than two (2) proxies in respect of each Securities Account it holds with ordinary shares of the Company standing to the credit of the said Securities Account.
   Where a member is an Exempt Authorised Nominee which holds ordinary shares in the Company for multiple beneficial owners in one Securities Account ("Omnibus Account"), there is no limit to the number of proxies which the Exempt Authorised Nominee may appoint in respect of each Omnibus Account it holds. An Exempt Authorised Nominee refers to an authorised nominee as defined under SICDA which is exempted from compliance with the provisions of subsection 25A(1) of SICDA.
2. The instrument appointing a proxy shall be in writing under the hand of the appointor or of his attorney duly authorised in writing or, if the appointor is a corporation, either under the corporation's seal or under the hand of an officer or attorney duly authorised. Any alteration to the proxy form must be initialled.
3. The instrument appointing a proxy and the power of attorney or other authority (if any) under which it is signed or a notarially certified copy of such power or authority, shall be deposited at the office of the Share Registrar of the Company, Tricor Investor & Issuing House Services Sdn. Bhd (Registration No. 197101000970 (11324-H), at Unit 32-01, Level 32, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No.8, Jalan Kerinchi, 59200 Kuala Lumpur, Malaysia, or its Customer Service Counter, Unit G-3, Ground Floor, Vertical Podium, Avenue 3, Bangsar
   South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur, Malaysia, alternatively online via the Share Registrars' website,
   TIIH Online at https://tiih.online. Please refer to the Administrative Notes for further information on submission via TIIH Online. All proxy forms submitted must be received by the Company not less than forty-eight (48) hours before the time appointed for holding the meeting or adjourned meeting at which the person named in the instrument proposed to vote or, in the case of a poll, not less than twenty-four (24) hours before the time for the taking of the poll and in default the instrument of proxy shall not be treated as valid.
4. By submitting the duly executed proxy form, a member and his/her proxy consent to the Company (and/or its agents/service providers) collecting, using and disclosing the personal data therein under the Personal Data Protection Act 2010 for this meeting and any adjournment thereof.

Voting by poll

1. The resolution as set out in this notice of the general meeting is to be voted by poll.

Registration of Members/Proxies

1. Members/proxies who wish to participate in the EGM will have to register to attend the meeting remotely by using the Remote Participation and Voting facilities provided by Tricor via its TIIH Online website at https://tiih.online, the details of which are set out in the Administrative Notes of the EGM.