CIRCULAR TO SHAREHOLDERS IN RELATION TO THE (I) PROPOSED PRIVATE PLACEMENT OF UP TO 14,560,000 NEW ORDINARY SHARES IN SENI JAYA CORPORATION BERHAD ("SJC") ("SJC SHARES" OR "SHARES") ("PLACEMENT SHARES"), REPRESENTING APPROXIMATELY 20% OF THE ENLARGED NUMBER OF ISSUED SJC SHARES ASSUMING THE FULL EXERCISE OF THE OUTSTANDING WARRANTS 2021/2026, AT AN ISSUE PRICE TO BE DETERMINED LATER ("PROPOSED PRIVATE PLACEMENT"); AND (II) PROPOSED BONUS ISSUE OF SHARES UP TO 262,079,985 NEW ORDINARY SHARES IN SJC ("BONUS SHARES"), ON THE BASIS OF 3 BONUS SHARES FOR EVERY 1 EXISTING SJC SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED BONUS ISSUE OF SHARES")