Proposed Renounceable Non-Underwritten Rights Issue ("Warrants Issue")

PROPOSED RENOUNCEABLE NON-UNDERWRITTEN RIGHTS ISSUE ("WARRANTS ISSUE") OF UP TO 36,487,227 WARRANTS ("WARRANTS") AT AN ISSUE PRICE OF S$0.06 FOR EACH WARRANT, EACH WARRANT CARRYING THE RIGHT TO SUBSCRIBE FOR ONE (1) NEW ORDINARY SHARE ("NEW SHARE") IN THE CAPITAL OF NATURAL COOL HOLDINGS LIMITED (THE "COMPANY") AT AN EXERCISE PRICE OF S$0.10 FOR EACH NEW SHARE, ON THE BASIS OF THREE (3) WARRANTS FOR EVERY TEN (10) EXISTING ORDINARY SHARES HELD BY SHAREHOLDERS OF THE COMPANY AS AT THE BOOKS CLOSURE DATE (AS DEFINED BELOW) TO BE DETERMINED, FRACTIONAL ENTITLEMENTS TO BE DISREGARDED