We refer to the Company’s announcements dated 3 June 2022, 26 July 2022, 28 July 2022, 24 November 2022, 5 December 2022 and 7 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 ("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 fourth quarter ended 31 December 2022, pursuant to Paragraph 3.3 of Practice Note 19 of the Listing Requirements.

As announced on 7 December 2022, Bursa Securities had vide its letter dated 6 December 2022 granted the Company a further extension of time of six (6) months until 2 June 2023 to comply with the Public Spread Requirement.

Based on the Record of Depositors of ECMLG dated 21 February 2023, the public shareholding spread of the Company was 22.58%. The Company currently does not comply with the Public Spread Requirement.

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 28 February 2023.