Reference is made to ECMLFG’s announcements on 4 May 2017, 21 June 2017, 3 July 2017, 8 August 2017, 30 August 2017, 26 October 2017, 21 November 2017, 24 November 2017, 27 November 2017, 12 December 2017, 21 December 2017, 21 March 2018, 13 April 2018, 3 May 2018, 4 May 2018, 8 May 2018, 16 May 2018, 18 May 2018, 2 July 2018, 3 September 2018, 1 October 2018, 27 December 2018, 27 February 2019 and 29 April 2019 in relation to the Proposals (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

The Board wishes to announce that on 3 September 2019, the parties to the Tune Hotel KLIA Aeropolis SPA have entered into a variation letter regarding the Tune Hotel KLIA Aeropolis SPA. The respective parties to the agreement have mutually agreed to extend the date to fulfil the agreement’s conditions precedent by 180 days from 4 September 2019 (inclusive) to 2 March 2020, or such longer period as the parties may mutually agree in writing.

The extension is to provide additional time to fulfil several conditions precedent of the Tune Hotel KLIA Aeropolis SPA which are still not met as at the date of this announcement. The details of the conditions precedent are set out in the circular to ECMLFG shareholders dated 27 November 2017.

This announcement is dated 3 September 2019.