M&A Securities Sdn Bhd, on behalf of the Board of Directors of EKA (“Board”) wishes to announce that the Company had on 8 August 2017 entered into a Heads of Agreement (“HOA”) with Loo Seng Pang, Tai Poh Yak, Ang Eng Hooi, Phnuah Farn Farn, Ang Jin Mao and Dato’ Seri Serm Juthamongkhon (collectively, the “Vendors”) to set out the principal terms and conditions to which EKA is considering to acquire the entire issued share capital in Kepala Batas Bihun Sdn Bhd (“KBB”) comprising 5,500,002 ordinary shares in KBB (“Sale Shares”) from the Vendors (“Proposed Acquisition”).

The HOA is not exhaustive and is not intended to be legally binding between EKA and the Vendors except as specifically set out in the HOA.

Details of the HOA are set out in the the announcement attached herein.

This announcement is dated 8 August 2017.