EDUSPEC: CIRCULAR TO SHAREHOLDERS IN RELATION TO:- (I) PROPOSED DIVERSIFICATION OF THE EXISTING BUSINESS OF EDUSPEC AND ITS SUBSIDIARIES ("EDUSPEC GROUP" OR THE "GROUP") TO INCLUDE THE PROVISION OF TESTING SERVICES FOR ELECTRICAL AND ELECTRONIC COMPONENTS ("PROPOSED DIVERSIFICATION"); AND (II) PROPOSED PRIVATE PLACEMENT OF UP TO 234,902,600 NEW ORDINARY SHARES IN THE COMPANY, REPRESENTING UP TO 20% OF THE EXISTING TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY, TO INDEPENDENT THIRD-PARTY INVESTOR(S) TO BE IDENTIFIED LATER AT AN ISSUE PRICE TO BE DETERMINED LATER ("PROPOSED PRIVATE PLACEMENT") (COLLECTIVELY, THE "PROPOSALS")