The Board of Directors of ES Ceramics Technology Berhad (the Company) wishes to announce that as at 31 December 2007, the Company has yet to comply with the public shareholding spread requirement under Rule 8.15 of the Listing Requirements of Bursa Malaysia Securities Berhad for the Mesdaq Market (MMLR) of at least 25% of the Company's total listed shares are in the hands of a minimum of 1,000 public shareholders holding not less than 100 shares each ("Required Public Shareholding Spread"). As at 31 December 2007, the Company has 38.87% of the Company's total shares in the hands of 529 public shareholders holding not less than 100 shares each only.
The Company has yet to formulate a plan to rectify the public shareholding spread to comply with the Required Public Shareholding Spread. As announced on 31 December 2007, the Company had applied to Bursa Malaysia Securities Berhad (Bursa Securities) for an extension of time until 31 December 2008, to meet with the Required Public Shareholding Spread. The application is currently under consideration of Bursa Securities and an announcement will be made on the outcome of the application upon receipt of the reply from Bursa Securities.
This announcement is dated 14 January 2008.