We refer to the Company's announcements dated 3 June 2022 and 26 July 2022 in relation to ECMLG's non-compliance with the public shareholding spread requirement pursuant to Paragraph 8.02(1) of the Listing Requirements of Bursa Securities ("Public Spread Requirement").

The Board of ECMLG wishes to announce the following status announcement in conjunction with the release of the Company's quarterly results for the second quarter ended 30 June 2022, pursuant to Paragraph 3.3 of Practice Note 19 of the Listing Requirements.

The Company currently doesn't comply with the Public Spread Requirement. As at the date of this announcement, the public shareholding spread of the Company is 22.58% based on its Record of Depositors dated 18 July 2022.

Bursa Securities had vide its letter dated 26 July 2022 granted the Company an extension of time of six (6) months until 2 December 2022 ("Extension of Time") to comply with the Public Spread Requirement.

As at the date of this announcement, the Company has yet to formulate a rectification plan to address the non-compliance with the Public Spread Requirement. The Company will use the Extension of Time granted by Bursa Securities to formulate a rectification plan to address the shortfall in its public shareholding spread and to explore possible options to comply with the Public Spread Requirement.

The Company will continue to monitor the level of public shareholding spread and make the necessary announcement in relation to the status of its efforts to comply with the Public Spread Requirement.

This announcement is dated 28 July 2022.