We refer to the First Announcement made on 31 December 2015 and the subsequent monthly announcements made by the Company pursuant to Paragraph 8.03A of the Listing Requirements on the updates and developments. Unless otherwise stated, all abbreviations and definitions used herein shall have the same meanings as defined in the said announcements.

The Board of Directors of Efficient wishes to announce that there are no major developments subsequent to our announcement dated 3 October 2022.

This announcement is dated 1 November 2022.