We refer to our announcements dated 11.7.2014, 18.8.2014, 25.8.2014, 26.11.2014, 20.1.2015, 24.2.2015, 27.5.2015, 15.7.2015, 27.8.2015, 26.11.2015, 22.12.2015, 29.2.2016, 11.5.2016,18.8.2016, 23.8.2016, 21.11.2016, 23.2.2017, 20.4.2017, 29.5.2017, 25.8.2017, 29.9.2017, 23.11.2017, 23.2.2018, 27.4.2018, 25.5.2018, 29.8.2018, 30.10.2018, 28.11.2018, 26.2.2019, 23.5.2019, 27.5.2019, 28.8.2019 and 25.10.2019.

Bursa Malaysia Securities Berhad had vide its letter dated 25 October 2019, granted its approval for a further extension of time of 6 months until 9 April 2020 for the Company to comply with the public shareholding spread requirement.

Based on the Record of Depositors as at 26 November 2019, the public shareholding spread is 22.5%, which is still below the minimum public shareholding spread requirement.

The Company is considering various options to address the shortfall in the public shareholding spread which may include, inter-alia, a private placement of new Encorp shares by Encorp and/or secondary placement of existing Encorp shares by certain shareholders of Encorp.

The Company will continue to monitor the level of public shareholding spread and make the necessary announcements in relation to the status of its efforts to comply with the public shareholding spread requirement in accordance with the Listing Requirements.

This announcement is dated 28 November 2019.