NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES POWERWELL HOLDINGS BERHAD ("POWERWELL" OR THE "COMPANY") PROPOSED BONUS ISSUE OF WARRANTS OF 116,110,400 WARRANTS IN POWERWELL ("WARRANT(S)") ON THE BASIS OF 1 WARRANT FOR EVERY EXISTING 5 ORDINARY SHARES IN POWERWELL ("POWERWELL SHARE(S)" OR "SHARE(S)") HELD BY THE SHAREHOLDERS OF POWERWELL WHOSE NAMES APPEAR IN THE COMPANY'S RECORD OF DEPOSITORS ON THE ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER ("PROPOSED BONUS ISSUE OF WARRANTS")

POWERWELL HOLDINGS BERHAD ("POWERWELL" OR THE "COMPANY")

PROPOSED BONUS ISSUE OF WARRANTS OF 116,110,400 WARRANTS IN POWERWELL ("WARRANT(S)") ON THE BASIS OF 1 WARRANT FOR EVERY EXISTING 5 ORDINARY SHARES IN POWERWELL ("POWERWELL SHARE(S)" OR "SHARE(S)") HELD BY THE SHAREHOLDERS OF POWERWELL WHOSE NAMES APPEAR IN THE COMPANY'S RECORD OF DEPOSITORS ON THE ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER ("PROPOSED BONUS ISSUE OF WARRANTS")