Reference is made to the announcements dated 26 July 2023 and 30 November 2023 in relation to the Memorandum of Understanding ("MOU") signed with MX and Anxi County Office concerning cross border socio economic collaboration which include but not limited to conceptualization, planning, prioritizing, financing and implementation of property development, infrastructure development and fresh produce, agriculture and aquaculture distribution and processing development in both China and Malaysia ("Proposed Cross Border Socio Economic Collaboration").

The Board of Directors of Ekovest wishes to announce that there is no development on the MOU.

This announcement is dated 28 February 2024.