Pursuant to Paragraph 10.05 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of the Company wishes to announce that Eupe Land Development Sdn. Bhd., a wholly-owned subsidiary of Eupe Kemajuan Sdn. Bhd. which in turn is a wholly-owned subsidiary of ECB, has on 24 November 2022 entered into a second Sale and Purchase Agreement with Sing Ta Nian Development Sdn. Bhd. for the acquisition of the second parcel of freehold land measuring approximately 20.58 acres (or 83,284 square meters), being part of Lot 60030 Seksyen 64, Bandar Sungai Petani, Daerah Kuala Muda, Negeri Kedah held under Geran No. Hakmilik 219000 (previously known as Lot PT 2268 held under Title No. H.S.(D) 120607, Bandar Amanjaya, Daerah Kuala Muda, Negeri Kedah) with an aggregate area of about 128.99 acres (or 522,000 square meters) for a total cash consideration of RM15,315,000 (collectively referred to as “Proposed Acquisition”).

Please refer to the attachment for the details of the Proposed Acquisition.

This announcement is dated 24 November 2022.