Unless otherwise stated, all definitions and terms used in this announcement shall have the same meanings as defined in the offer document relating to the Offer dated 27 June 2022 ("Offer Document").

We refer to the announcements dated 31 May 2022, 21 June 2022, 22 June 2022 and 27 June 2022 in relation to the Offer.

The Board of Directors of ECMLG wishes to announce that ECMLG has today received a notification from Mercury Securities, on behalf of the Offeror, informing that the Offer has closed at 5.00 p.m. (Malaysian time) on Monday, 18 July 2022 ("Closing Date").

As at 5.00 p.m. (Malaysian time) on the Closing Date, the Offeror and PACs hold in aggregate 201,139,564 ECMLG Shares, representing approximately 41.91% of the total issued ECMLG Shares. The Offeror did not receive valid acceptances of the Offer Shares which would result in the Offeror and PACs holding in aggregate more than 50% of the voting shares in ECMLG. As such, the Acceptance Condition has not been fulfilled.

Accordingly, the Offer has lapsed and ceased to be capable of further acceptances and all acceptances shall be returned to the Accepting Holders and the Offeror will thereafter cease to be bound by any such prior acceptances of the Offer.

Please refer to the attached press notice dated 18 July 2022 for further details.

This announcement is dated 18 July 2022.