General Announcement for PLC
Reference No: GA1-06052022-00014
Stock Name : ECM
Date Announced : 06 May 2022
Type : Announcement
Subject : OTHERS
Description : Clarification on Article published on 2 May 2022 in The Edge Malaysia

The Board of Directors of ECM Libra Group Berhad ("ECM Libra") refers to the article entitled "Engtek Group eyes re-listing, hires RHB, HLIB for the job" published in The Edge Malaysia on 2 May 2022.

ECM Libra wishes to clarify that ECM Libra holds a 8.1% effective stake in TYK Capital Sdn Bhd ("TYK Capital") which in turn holds the operating assets of the TYK Capital group of companies (the “Business"). ECM Libra - through its 30% owned associate Positive Carry Sdn Bhd - and the management of TYK Capital have been evaluating various options to enhance value and maximize returns for its stakeholders, including a potential listing of the Business. There is currently no decision made as to whether a potential listing will occur. ECM Libra will make further announcement(s) as appropriate should there be any material developments which warrant disclosure, in accordance with the relevant regulations.

This announcement is dated 6 May 2022.

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