Reference is made to the Notice of 19th AGM of the Company dated 12 May 2021 and the announcement by the Government of Malaysia on 28 May 2021 with regard to the National Total Lockdown from 1 June 2021 to 14 June 2021 (“National Total Lockdown”).

Pursuant to the implementation of the National Total Lockdown, the Securities Commission Malaysia had on 1 June 2021 issued a revised Guidance Note and FAQs on the Conduct of General Meetings for Listed Issuers which was originally issued on 18 April 2020 (“The Revised Guidance Note”).

The Revised Guidance Note states that listed issuers are only allowed to conduct fully virtual general meetings during National Total Lockdown. In a fully virtual general meeting, all meeting participants including the Chairperson of the meeting, Board members, senior management, and shareholders participate in the meeting online. Physical gatherings no matter how small are prohibited.

According to the Revised Guidance Note, an online meeting platform can be recognised as the meeting venue or place under Section 327(2) of Companies Act, 2016 if the online platform is located in Malaysia.

The Board of Directors of Excel, having given due consideration to the above, wishes to inform that Broadcast Venue of the 19th AGM of the Company shall be changed from Level 43A, MYEG Tower, Empire City, No.8, Jalan Damansara, PJU 8, 47820 Petaling Jaya, Selangor Darul Ehsan to the online meeting platform of Vote2U Online website at https://web.vote2u.app.

Apart from the change in venue, all information in the Notice of 19th AGM of the Company dated 12 May 2021 and the Administrative Notes to the 19th AGM in the Annual Report 2020 issued on 12 May 2021 remains unchanged.

This announcement is dated 1 June 2021.