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XIN HWA HOLDINGS BERHAD ("XHH" OR "COMPANY")
PROPOSED ISSUANCE OF 110,699,999 FREE WARRANTS IN XHH ("WARRANTS") ON THE BASIS OF 1 WARRANT FOR EVERY 2 ORDINARY SHARES IN XHH HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER ("PROPOSED FREE WARRANTS ISSUE")