Further to the announcements dated 31 December 2007 and 14 January 2008, the Board of Directors of ES Ceramics Technology Berhad ("the Company") wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") had granted the Company an extension of time of three (3) months until 1 April 2008, instead of 1 January 2009 as requested, to comply with the public shareholding spread requirements pursuant to Rule 8.15(1) of the MMLR.
As at 31 December 2007, the Company has yet to comply with the public shareholding spread requirement under Rule 8.15 of the 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.
The Company has yet to formulate a plan to rectify the public shareholding spread to comply wth the Required Public Shareholding Spread.
This announcement is dated 15 January 2008.