ECM Libra Financial Group

CORPORATE ANNOUNCEMENTS

General Announcement for PLC
Reference No:	GA1-16112023-00044

Company Name	:	ECM LIBRA GROUP BERHAD
Stock Name	:	ECM
Date Announced	:	16 Nov 2023

Type	:	Announcement
Subject	:	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	:	ECM Libra Group Berhad ("ECMLG") - Proposed acquisition of entire equity interest in Desaru Beachfront 2 Sdn Bhd ("DB2SB") by ECM Libra Desaru Sdn Bhd ("ECML Desaru"), an indirect wholly-owned subsidiary of ECMLG

Further to the announcements dated 8 September 2023, 14 September 2023 and 6 November 2023, the Board of Directors of ECMLG wishes to announce the completion of acquisition of 2 ordinary shares and 1,195,916 redeemable convertible preference shares, representing 100% equity interest in DB2SB in accordance with the share sale agreement entered into between ECML Desaru and Desaru Development Holdings One Sdn Bhd. Following this completion, DB2SB has become an indirect wholly-owned subsidiary of ECMLG.

This announcement is dated 16 November 2023.

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