We refer to the announcement by ECOWLD dated 5 October 2020 that the Board of Directors of the ECOWLD (“Board”) had on 2 October 2020 received a letter from UEM Group Berhad, proposing for the Board to consider and deliberate on the proposed merger between UEM Sunrise Berhad (“UEMS”) and ECOWLD (“Proposed Merger”). The Proposed Merger is envisaged to be carried out via an exchange of shares and warrants held by ECOWLD’s shareholders and warrant holders into new shares and new warrants of UEMS respectively.

The Board will convene in the near term to deliberate on the Proposed Merger and will make a further announcement thereafter.

We will make further announcements on the Proposed Merger after evaluating further announcements to be made by ECOWLD.

This announcement is dated 7 October 2020.