The Board of Directors of ECMLG ("Board") wishes to announce that the Board has today received a notice of conditional mandatory take-over offer ("Notice") from Mercury Securities Sdn Bhd, on behalf of the Offeror, to acquire all the remaining ordinary shares in ECMLG not already held by the Offeror and persons acting in concert with him ("Offer Shares") for a cash offer price of RM0.22 per Offer Share ("Offer").

Pursuant to Paragraph 3.06 of the Rules on Take-overs, Mergers and Compulsory Acquisitions, an independent adviser will be appointed by the Board in due course to provide comments, opinions, information and recommendation on the Offer to the non-interested directors and holders of the Offer Shares.

A copy of the Notice is attached herewith and will be posted to the holders of the Offer Shares within 7 days from the date of this announcement.

This announcement is dated 31 May 2022.