On behalf of the Board of Directors of YTB (“Board”), M&A Securities Sdn Bhd (“M&A Securities”) wishes to announce that YTB proposes to undertake the following:

1. proposed consolidation of every 5 existing ordinary shares in YTB (“YTB Share(s)” or “Share(s)” or “Existing Share(s)”) into 1 YTB Share (“Consolidated Share(s)”) held by the entitled shareholders on an entitlement date to be determined and announced later (“Consolidated Shares Entitlement Date”) (“Proposed Share Consolidation”);
2. proposed bonus issue of up to 103,098,378 free warrants in YTB (“Warrant(s)”) on the basis of 1 Warrant for every 4 Consolidated Shares held by the entitled shareholders on an entitlement date to be determined and announced later (“Warrants Entitled Shareholder(s)”) (“Warrants Entitlement Date”) (“Proposed Bonus Issue of Warrants”); and
3. proposed settlement of an aggregate amount of RM46,000,000 debt owing to creditors by the Company and/or its subsidiary (“Settlement Amount”), via the issuance of 92,000,000 new YTB Shares (“Settlement Share(s)”) (“Proposed Debt Settlement”).

Further details of the Proposed Acquisition are as attached.