The Board of Directors of ECMLFG wishes to announce the incorporation of a wholly-owned subsidiary namely Ormond Group Sdn Bhd ("Ormond Group") on 16 November 2018 with issued and paid-up share capital of RM10 comprising 10 ordinary shares.

The incorporation of Ormond Group is not expected to have any material effect on ECMLFG Group's earnings or net asset for the financial year ending 31 December 2018.

None of the Directors and major shareholders of the Company has any interest in the incorporation, save for their interests arising by way of their shareholdings, via the Company.

This announcement is dated 16 November 2018.