PART I CIRCULAR TO SHAREHOLDERS in relation to the PROPOSED DISPOSALS OF THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF FOUR (4) WHOLY-OWNED SUBSIDIARIES OF ANCOM BERHAD (“ANCOM”), NAMELY PERUSAHAAN KIMIA GEMILANG SDN BHD, FERMPRO SDN BHD, KUMPULAN KESUMA SDN BHD AND WEDON SDN BHD TO NYLEX (MALAYSIA) BERHAD (“NYLEX”) FOR A TOTAL SALE CONSIDERATION OF RM64,427,000 TO BE SATISFIED BY THE ISSUANCE OF 64,427,000 NEW ORDINARY SHARES OF RM1.00 EACH IN NYLEX AT AN ISSUE PRICE OF RM1.00 PER ORDINARY SHARE CREDITED AS FULLY PAID-UP (“PROPOSED DISPOSALS”) PART II INDEPENDENT ADVICE LETTER TO THE MINORITY SHAREHOLDERS OF ANCOM in relation to the PROPOSED DISPOSALS