NOVA MSC BERHAD (“NOVAMSC” OR THE “COMPANY”) I. PROPOSED ACQUISITION OF 19,375 ORDINARY SHARES IN CNA DEVELOPMENT PTE LTD (“CNAD”), REPRESENTING 31% OF THE ISSUED SHARE CAPITAL IN CNAD, FROM STONE VILLA LIMITED FOR A TOTAL AGGREGATE CONSIDERATION OF UP TO RM10.00 MILLION TO BE SATISFIED VIA THE ISSUANCE OF 45,454,545 NEW ORDINARY SHARES OF RM0.10 EACH IN NOVAMSC (“SHARE”), AT AN ISSUE PRICE OF RM0.11 PER SHARE AND UP TO RM5.00 MILLION IN CASH (“PROPOSED ACQUISITION”); AND II. PROPOSED PRIVATE PLACEMENT OF UP TO 20% OF THE ENLARGED ISSUED AND PAID-UP SHARE CAPITAL OF NOVAMSC AFTER THE PROPOSED ACQUISITION (COLLECTIVELY TO BE REFERRED TO AS THE “PROPOSALS”)