We refer to the Company’s announcements dated 3 June 2022, 26 July 2022 and 28 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 third quarter ended 30 September 2022, pursuant to Paragraph 3.3 of Practice Note 19 of the Listing Requirements.

As announced on 28 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 to comply with the Public Spread Requirement.

Based on the Record of Depositors of ECMLG dated 21 November 2022, the public shareholding spread of the Company was 22.58% and that the Company has yet 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. Thus, the Company proposes to submit an application to Bursa Securities for further extension of time for ECMLG to comply with the Public Spread Requirement.

The Company will continue to explore possible options to rectify the shortfall in the public shareholding spread, monitor the level of public shareholding spread and make the necessary announcements in relation to the status of its efforts to comply with the Public Spread Requirement.

This announcement is dated 24 November 2022.