EFUTURE

ECOFUTURE BHD

Type	Announcement
Subject	DISPOSAL OF STABLE-WIN SDN. BHD.
Contents	Further to the announcement dated 20 July, 2010, the Board of Directors of ECOFUTURE BERHAD (“the Company”) wishes to announce that it has today entered into a conditional agreement with Soon Lee Huat Palm Oil Mill Sdn Bhd for the sale of its entire shareholding in Stable-Win Sdn Bhd, a company involved in palm oil mining, for a total cash consideration of Ringgit Malaysia Thirty Million Three Hundred and Sixty Thousand Only (RM30.36 million) (“Proposed Disposal”). As the aggregate value of consideration to be received is in excess of 25% of the net assets of the Company, the Proposed Disposal is a material disposal. The Directors are currently finalising the appointment of an Adviser who will make the necessary announcement in compliance with Bursa Malaysia Securities Berhad’s (“Bursa Securities”) ACE Market Listing Requirements (“ACE LR”). Approval of shareholders of the Company will be sought in due course in a general meeting to be convened. As the Company is currently an Affected Listed Issuer under Guidance Note 3 of the ACE LR, the Company is required to submit a regularisation plan to Bursa Securities. It is the intention of the Directors that the Proposed Disposal will be part of the regularisation plan, details which will announced by the Adviser and Sponsor in due course. This announcement is dated 27 July 2010.