JETSON: CIRCULAR TO SHAREHOLDERS IN RELATION TO THE (I) PROPOSED REDUCTION OF THE ISSUED SHARE CAPITAL OF KUMPULAN JETSON BERHAD (JETSON) PURSUANT TO SECTION 116 OF THE COMPANIES ACT 2016; (II) PROPOSED PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN JETSON REPRESENTING UP TO 40% OF THE TOTAL NUMBER OF ISSUED SHARES OF JETSON; (III) PROPOSED ACQUISITION BY JETSON OF 51.0% EQUITY INTEREST IN MAGICAL ERA (M) SDN BHD FROM DATO SRI BALJINDER SINGH A/L SURINDER SINGH FOR A TOTAL CONSIDERATION OF RM25.50 MILLION, TO BE SATISFIED VIA A COMBINATION OF CASH CONSIDERATION OF RM15.30 MILLION AND THE ISSUANCE OF 41,666,666 NEW ORDINARY SHARES IN JETSON (CONSIDERATION SHARE(S)) AT THE ISSUE PRICE OF RM0.2448 PER CONSIDERATION SHARE, AMOUNTING TO RM10.20 MILLION; AND (IV) PROPOSED ESTABLISHMENT OF AN EMPLOYEES SHARE OPTION SCHEME OF UP TO 15% OF THE TOTAL NUMBER OF ISSUED SHARES IN JETSON (EXCLUDING TREASURY SHARES, IF ANY) AT ANY POINT IN TIME DURING THE TENURE OF THE SCHEME FOR ELIGIBLE DIRECTORS AND EMPLOYEES OF JETSON AND ITS SUBSIDIARIES (EXCLUDING DORMANT SUBSIDIARIES) (COLLECTIVELY REFERRED TO AS THE PROPOSALS)