Reference is made to the Company's announcement dated 9 March 2023 and circular to shareholders dated 26 August 2022 (“Circular”) in relation to the NMR Disposal.

On behalf of the Board of Directors of EATECH, Thinkat Advisory Sdn Bhd wishes to inform that the Company has on 3 May 2023, decided to terminate the Memorandum of Agreement (“MOA”) dated 9 March 2023 entered into between Alpha and EATECH for the NMR Disposal. This is as the Company has yet to receive the deposit for the NMR Disposal from Alpha within the stipulated timeframe. Pursuant to the MOA, EATECH reserves the right to claim compensation for losses and expenses incurred together with accrued interest, if any, as a result of this termination due to a default by Alpha.

As mentioned in the Circular and following the aforementioned termination, the shareholders’ approval for the NMR Disposal obtained at an extraordinary general meeting (“EGM”) on 12 September 2022 has lapsed. Nevertheless, EATECH still intends to proceed with the NMR Disposal and is in the midst of identifying a new buyer for NMR. Shareholders’ approval for the NMR Disposal will be reobtained at an EGM to be convened, if necessary.

This announcement is dated 3 May 2023.