【CLITE 0348 交流专区】

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IPO Prospectus

CHEMLITE INNOVATION BERHAD

Subject

INITIAL PUBLIC OFFERING ("IPO") IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE ENLARGED ISSUED ORDINARY SHARE CAPITAL OF CHEMLITE INNOVATION BERHAD ("CHEMLITE INNOVATION") ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("ACE MARKET") COMPRISING:- (A) A PUBLIC ISSUE OF 120,000,000 NEW ORDINARY SHARES IN CHEMLITE INNOVATION ("ISSUE SHARE(S)") IN THE FOLLOWING MANNER:- (I) 30,000,000 ISSUE SHARES MADE AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC; (II) 21,000,000 ISSUE SHARES RESERVED FOR APPLICATION BY OUR ELIGIBLE DIRECTORS AND EMPLOYEES AS WELL AS PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR GROUP; (III) 54,000,000 ISSUE SHARES BY WAY OF PRIVATE PLACEMENT TO IDENTIFIED INSTITUTIONAL AND/OR SELECTED INVESTORS; AND (IV) 15,000,000 ISSUE SHARES BY WAY OF PRIVATE PLACEMENT TO IDENTIFIED BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INVESTMENT, TRADE, AND INDUSTRY OF MALAYSIA ("MITI"), AND (B) AN OFFER FOR SALE OF 60,000,000 EXISTING ORDINARY SHARES IN CHEMLITE INNOVATION ("OFFER SHARE(S)") BY WAY OF PRIVATE PLACEMENT TO IDENTIFIED BUMIPUTERA INVESTORS APPROVED BY THE MITI; AT AN ISSUE PRICE/OFFER PRICE OF RM0.25 PER ISSUE SHARE/OFFER SHARE, PAYABLE IN FULL UPON APPLICATION.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3531532

Attachments Chemlite Innovation Berhad - Prospectus (Part 1).pdf Chemlite Innovation Berhad - Prospectus (Part 2).pdf Detailed Procedures for Application and Acceptance.pdf

Opening of application	05 Mar 2025
Closing of application	12 Mar 2025
Balloting of application	14 Mar 2025
Allotment of IPO shares to successful applicants	25 Mar 2025
Tentative listing date	26 Mar 2025

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CHEMLITE INNOVATION BERHAD - INITIAL PUBLIC OFFERING ("IPO") IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE ENLARGED ISSUED ORDINARY SHARE CAPITAL OF CHEMLITE INNOVATION BERHAD ("CHEMLITE INNOVATION") ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("ACE MARKET") AT AN ISSUE PRICE/OFFER PRICE OF RM0.25 PER ISSUE SHARE/OFFER SHARE, PAYABLE IN FULL UPON APPLICATION
Tricor Investor & Issuing House Services Sdn Bhd wishes to announce that the 30,000,000 Issue Shares made available for application by the Malaysian public have been oversubscribed.
  
A total of 9,288 applications for 882,279,300 Issue Shares with a value of RM220,569,825.00 were received from the Malaysian public, which represents an overall oversubscription rate of 28.41 times.

The notices of allotment will be posted to all successful applicants on 25 March 2025.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3535035

Attachments CLITE- Press Release 2.pdf CLITE- Press Release 1.pdf

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Initial Public Offering

CHEMLITE INNOVATION BERHAD

Date of Listing	26 Mar 2025
Enlarged Issued Share Capital in the following
Units	600,000,000
Currency	Malaysian Ringgit (MYR)
Par Value (if applicable)
Enlarged Issued Share Capital	38,800,978.000
Stock Code	0348
Stock Name	CLITE
ISIN code	MYQ0348OO001
Board	ACE Market
Bursa Sector	INDUSTRIAL PRODUCTS & SERVICES
Bursa Sub Sector	INDUSTRIAL SERVICES
Do you wish to list any child stock / new type of securities in conjunction with the IPO/Admission to LEAP Market?	No

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CHEMLITE INNOVATION BERHAD

Particulars of substantial Securities Holder

Name	MR HENG CHEE KHIANG
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	26 Mar 2025	27,000,000	Others	Direct Interest
	Name of registered holder	HENG CHEE KHIANG
	Description of "Others" Type of Transaction	Offer for sale
2	26 Mar 2025	1,500,000	Others	Indirect Interest
	Name of registered holder	HENG JIA QI
	Description of "Others" Type of Transaction	Pink Form Allocation

Circumstances by reason of which change has occurred	(i) Offer for sale in conjunction with Initial Public Offering(ii) Subscription of shares through Pink Form in conjunction with Initial Public Offering
Nature of interest	Direct and Indirect Interest
Direct (units)	189,000,000
Direct (%)	31.5
Indirect/deemed interest (units)	1,500,000
Indirect/deemed interest (%)	0.25
Total no of securities after change	190,500,000
Date of notice	26 Mar 2025
Date notice received by Listed Issuer	26 Mar 2025

Name	MR CHONG YUEN FONG
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	26 Mar 2025	33,000,000	Others	Direct Interest
	Name of registered holder	CHONG YUEN FONG
	Description of "Others" Type of Transaction	Offer for sale

Circumstances by reason of which change has occurred	Offer for sale in conjunction with Initial Public Offering
Nature of interest	Direct Interest
Direct (units)	231,000,000
Direct (%)	38.5
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change	231,000,000
Date of notice	26 Mar 2025
Date notice received by Listed Issuer	26 Mar 2025

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2025

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2025	31 Mar 2024	31 Mar 2025	31 Mar 2024
		MYR'000	MYR'000	MYR'000	MYR'000

1	Revenue	9,420	0	9,420	0
2	Profit/(loss) before tax	699	0	699	0
3	Profit/(loss) for the period	552	0	552	0
4	Profit/(loss) attributable to ordinary equity holders of the parent	552	0	552	0
5	Basic earnings/(loss) per share (Subunit)	0.11	0.00	0.11	0.00
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent	0.0800		0.0400

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Date of change	01 Jun 2025
Name	MR NG SWEE PING
Age	33
Gender	Male
Nationality	Malaysia
Type of change	Others
Designation	Chief Financial Officer
Description	Redesignation

Qualifications

No Qualifications Major/Field of Study Institute/University Additional Information 1 Professional Qualification Accounting Malaysian Institute of Accountants ("MIA") Member of MIA 2 Professional Qualification Accounting Association of Chartered Certified Accountants ("ACCA") Fellow Member of ACCA 3 Masters Accountancy and Finance Birmingham City University Master of Science 4 Degree Accounting and Finance University of Exeter Bachelor of Arts (Honours)
Working experience and occupation	Mr. Ng Swee Ping began his career in CHI-LLTC (presently known as TNL Partners PLT) as an Audit Assistant from April 2016 to September 2017 where he was involved in assisting the financial audits for small and medium enterprises. He subsequently joined BDO Malaysia (presently known as BDO PLT) as an Audit Associate in December 2017 where he was involved in assisting in financial audits for a diverse portfolio of multinational, listed and non-listed entities across various industries. During his tenure at BDO, he was promoted to Audit Senior Associate in July 2018 and Audit Assistant Manager in January 2021. As the Audit Assistant Manager, he assumed leadership of audit associates and senior associates, overseeing all aspects of statutory audit engagements with meticulous supervision and strategic guidance.He left BDO PLT in August 2021 to join Netpoint Coating Sdn Bhd as Finance Manager in the same month. He was primarily responsible for, amongst others, preparing monthly and annual financial statements, managing tax filings, developing budgets and forecasts, as well as overseeing human resources and administrative functions of the company. He subsequently resigned in August 2023 and joined Chemlite Group as Financial Controller in September 2023 and has now been promoted to Chief Financial Officer of the Group.
Family relationship with any director and/or major shareholder of the listed issuer	None
Any conflict of interests that he/she has with the listed issuer	None
Details of any interest in the securities of the listed issuer or its subsidiaries	Direct Interest: 1,000,000 ordinary shares.

Remarks :

Mr. Ng Swee Ping has been promoted from Financial Controller to Chief Financial Officer, effective 1st June 2025.