Etika - Bonus Issue

PROPOSED BONUS ISSUE OF UP TO 267,290,764 NEW ORDINARY SHARES IN THE CAPITAL OF ETIKA INTERNATIONAL HOLDINGS LIMITED (THE “COMPANY”) (THE “BONUS SHARES”) ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY ONE (1) ORDINARY SHARE IN THE CAPITAL OF THE COMPANY HELD BY SHAREHOLDERS (THE “BONUS ISSUE”)