We refer to the Company’s announcements dated 3 June 2022, 26 July 2022, 28 July 2022, 24 November 2022 and 5 December 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 Directors of ECMLG wishes to announce that Bursa Securities has vide its letter dated 6 December 2022 granted the Company a further extension of time of six (6) months until 2 June 2023 ("Extension of Time") 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 the Company has yet to comply with the Public Spread Requirement.

As at the date of announcement, the Company has yet to formulate a rectification plan to address the non-compliance with the Public Spread Requirement. As such, the Company will use the Extension of Time to explore possible options to rectify the shortfall in the Public Spread Requirement.

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

This announcement is dated 7 December 2022.