MUDAJYA: CIRCULAR TO SHAREHOLDERS IN RELATION TO I. PROPOSED VARIATION TO VARY THE MODE OF THE SETTLEMENT OF THE AMOUNT OWING BY MUDAJAYA GROUP BERHAD ("MUDAJAYA") TO MINYI HOLDINGS LIMITED OF HKD216.76 MILLION (EQUIVALENT TO RM130.06 MILLION) FROM WHOLLY IN CASH, TO A COMBINATION OF CASH AND THE ISSUANCE OF NEW ORDINARY SHARES IN MUDAJAYA ("MUDAJAYA SHARE(S)" OR "SHARE(S)"); AND II. PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 531,480,223 NEW MUDAJAYA SHARES ("RIGHTS SHARE(S)") ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 4 EXISTING SHARES HELD, TOGETHER WITH UP TO 531,480,223 FREE DETACHABLE WARRANTS IN MUDAJAYA ("WARRANT(S)") ON THE BASIS OF 1 WARRANT FOR EVERY 1 RIGHTS SHARE SUBSCRIBED FOR, ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER AND NOTICE OF EXTRAORDINARY GENERAL MEETING