We refer to the Company’s announcements dated 3 June 2022, 26 July 2022, 28 July 2022, 24 November 2022, 5 December 2022, 7 December 2022, 28 February 2023, 22 May 2023 and 1 June 2023 in relation to ECMLG’s non-compliance with the public shareholding spread requirement pursuant to paragraph 8.02(1) of the Listing Requirements ("Public Spread Requirement").

The Board of Directors of ECMLG wishes to announce that Bursa Securities has vide its letter dated 12 July 2023 resolved not to approve ECMLG’s application for further extension of time of six (6) months from 3 June 2023 to 2 December 2023 for the Company to comply with the Public Spread Requirement. Bursa Securities has also vide its another letter dated 12 July 2023 directed the Company to rectify the shortfall in its public shareholding spread within six (6) months from the date of the aforesaid letter, i.e. on or before 12 January 2024.

As provided in the Listing Requirements, Bursa Securities may:

1. take or impose for a breach of paragraph 8.02(1) of the Listing Requirements any type of action or penalty pursuant to paragraph 16.19 of the Listing Requirements; and

2. suspend trading in the securities of ECMLG pursuant to paragraph 16.02 of the Listing Requirements.

Based on the Record of Depositors of ECMLG dated 30 June 2023, the public shareholding spread of the Company stood at 22.60%, a shortfall of 2.40%.

The Company will continue to monitor the level of its public shareholding spread, explore possible options to rectify the shortfall in the 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 13 July 2023.