Renounceable Non-underwritten Rights Issue (Warrants Issue) of up to 69,421,050 Warrants (Warrants) at an Issue Price of S$0.03 for each Warrant, each Warrant Carrying the Right to Subscribe for One (1) New Ordinary Share (New Share) in the Capital of Union Steel Holdings Limited (The Company) at an Exercise Price of S$0.12 for each New Share, on the Basis of One (1) Warrant for Every Five (5) Existing Ordinary Shares in the Capital of the Company Held by the Entitled Shareholders as at the Books Closure Date, Fractional Entitlements Being Disregarded