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PROPOSED DISPOSAL BY IQZAN HOLDING BERHAD OF 6,320,970 ORDINARY SHARES, REPRESENTING 51.39% EQUITY INTEREST IN ITS WHOLLY-OWNED SUBSIDIARY, ZOOMIC TECHNOLOGY (M) SDN. BHD. ("ZOOMIC") TO SETTLE THE AMOUNT OWING TO DIGITAL MIRACLES SDN. BHD. ("DIGITAL MIRACLES") AND MILLION SAINT CONSULTANCY SDN. BHD. ("MILLION SAINT") IN THE FOLLOWING MANNER:-
(I) 2,106,990 ORDINARY SHARES IN ZOOMIC, REPRESENTING 17.13% EQUITY INTEREST IN ZOOMIC, TO DIGITAL MIRACLES FOR A DISPOSAL CONSIDERATION OF RM1.20 MILLION; AND
(II) 4,213,980 ORDINARY SHARES IN ZOOMIC, REPRESENTING 34.26% EQUITY INTEREST IN ZOOMIC, TO MILLION SAINT FOR A DISPOSAL CONSIDERATION OF RM2.40 MILLION