The Board of Directors of EKA refers to its announcement dated 3 January 2017 and wishes to inform that:

1.            The Company has on 30 December 2016 received a Notice to Shareholders ("Notice to Shareholders") issued by Law Chong Kai, Fong Yit Meng and Vibrant Class Sdn Bhd ("Requisitionists");

2.            Pursuant to the Notice to Shareholders, the Requisitionists intends to convene an Extraordinary General Meeting on 6 February 2017 ("Intended EGM");

3.            The Company had engaged its solicitors, Messrs Lim, Chong, Phang & Amy for legal advice;

4.            The Company is of the firm opinion that the Requisitionists have failed to comply and will be failing to comply with the Companies Act 1965, the relevant Listing Requirements and the Articles of Association of the Company in carrying out the Notice to Shareholders and/or the intended EGM. The Notice to Shareholders and/or the Intended EGM (if so convened) is illegal, invalid and irregular;                   

 5.           Notwithstanding the above and without prejudice to the rights of the Company and its shareholders at large, in order to ensure that any general meeting of the  Company will be held, convened and conducted in accordance to Companies Act 1965, the relevant Listing Requirements, the Articles of Association of the Company and in line with the spirit of good corporate governance, the Board of Directors had decided that the Company would convene an Extraordinary General Meeting  tentatively on 6 February 2017 to consider (including but not limited to) the businesses/Agenda proposed by the Requisitionists via the Notice to Shareholders.           

 6.     The notice of the EGM will be issued to the shareholders in accordance with the relevant requirements.

The announcement is dated 9 January 2017.