Public Packages Berhad : Extraordinary General Meeting - Notice of meeting

(Registration No. 198701003743 (162413-K)) (Incorporated in Malaysia)

NOTICE OF EXTRAORDINARY GENERAL MEETING

NOTICE IS HEREBY GIVEN that the Extraordinary General Meeting ("EGM") of Public Packages Holdings Berhad ("PPHB" or "Company") will be held at Angier & Borden Level 4, Meeting Room, The Prestige Hotel of 8 Gat Lebuh Gereja, 10300 Penang on Monday, 30 May 2022 at 11.00 a.m. or immediately after the conclusion or adjournment of the 35th Annual General Meeting of the Company to be held on the same day at 10.00 a.m., whichever is later, for the purpose of considering and if thought fit, passing with or without any modifications, the following resolution:

ORDINARY RESOLUTION

PROPOSED BONUS ISSUE OF UP TO 75,569,000 NEW ORDINARY SHARES IN PPHB ("PPHB SHARE(S)" OR "SHARE(S)") ("BONUS SHARE(S)") ON THE BASIS OF TWO (2) BONUS SHARES FOR EVERY FIVE (5) EXISTING PPHB SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER ("PROPOSED BONUS ISSUE")

"THAT subject to the approvals of all relevant authorities and/or parties (where applicable) being obtained, and to the extent permitted by law and the Constitution of the Company, approval be and is hereby given to the board of directors of PPHB ("Board") to allot and issue up to 75,569,000 Bonus Shares on the basis of two (2) Bonus Shares for every five (5) existing PPHB Shares held by the shareholders whose names appear in the record of depositors of the Company at the close of business on an entitlement date to be determined and announced later.

THAT fractional entitlements arising from the Proposed Bonus Issue, if any, will be disregarded, and/ or dealt with by the Board in such manner as it may in its absolute discretion deem fit or expedient and in the best interest of the Company.

THAT the Bonus Shares shall, upon allotment and issuance, rank equally in all respects with the existing PPHB Shares, save and except that the Bonus Shares shall not be entitled to any dividends, rights, allotments and/or other distributions which may be declared, made or paid, where the entitlement date is before the date of allotment and issuance of the Bonus Shares.

AND THAT the Board be and is hereby authorised to take all the necessary steps to give effect to the Proposed Bonus Issue with full power to assent to any conditions, modifications, variations and/or amendments in any manner as may be required by the relevant authorities and to deal with all matters relating thereto and to take all such steps and do all acts and things in any manner as the Board may deem necessary and/or expedient to implement, finalise and give full effect to the Proposed Bonus Issue."

By order of the Board

LEE PENG LOON (MACS 01258)

SSM PC NO. 201908002340

P'NG CHIEW KEEM (MAICSA 7026443) SSM PC NO. 201908002334

Company Secretaries

Penang

29 April 2022

Notes:

• 1. A proxy may but need not be a member of the Company.

• 2. A member shall be entitled to appoint up to a maximum of two (2) proxies to attend and vote at the same meeting. Where a member appoints more than one (1) proxy, the appointment shall be invalid unless he specifies the proportions of his shareholdings to be represented by each proxy.

• 3. Where a member is an Exempt Authorised Nominee which holds ordinary shares of the Company for multiple beneficial owners in one securities account ("omnibus account"), there is no limit to the number of proxies it may appoint in respect of each omnibus accounts it holds. An Exempt Authorised Nominee refers to an authorised nominee defined under the Securities Industry (Central Depositories) Act 1991 which is exempted from compliance with the provision of subsection 25A(1) of the said Act.

• 4. Where a member is an Exempt Authorised Nominee, it may appoint at least one (1) proxy but not more than two (2) proxies in respect of each securities account it holds which is credited with the shares of the Company. The appointment of two (2) proxies in respect of a particular securities account shall be invalid unless the authorised nominee specifies the proportion of its shareholding to be represented by each proxy.

• 5. For a proxy to be valid, the Proxy Form duly completed must be deposited at the registered office of the Company at Wisma Public Packages, Plot 67 Lintang Kampong Jawa, Bayan Lepas Industrial Estate, 11900 Bayan Lepas, Penang not less than forty-eight (48) hours before the time for holding the meeting or any adjournment thereof, or in the case of a poll not less than twenty-four (24) hours before the time appointed for the taking of the poll. Any completed Proxy Form transmitted by facsimile or electronic mail to the registered office of the Company will not be accepted.

• 6. In the case of a corporate member, the Proxy Form must be executed under the corporation's common seal or under the hand of an officer or attorney duly authorised in which, it must be supported by a certified true copy of the relevant form or resolution appointing the officer or certified true copy of the power of attorney.

• 7. For the purpose of determining a member who shall be entitled to attend the EGM, the Company shall be

• requesting Bursa Malaysia Depository Sdn Bhd to issue a EGM Record of Depositors as at 18 May 2022.

Only a depositor whose name appears on the Record of Depositors as at 18 May 2022 shall be entitled to attend the EGM or appoint proxies to attend and/or vote on his/her behalf.