The Board of Directors of ECMLG ("Board") wishes to announce that ECML Hotels Sdn Bhd (Registration No. 201701022399 (1236565-X)) (“ECMLH” or the “Vendor”), a wholly-owned subsidiary of ECMLG, has on 15 August 2025 entered into a conditional sale and purchase agreement (“SPA”) with Wealthpro Holdings Sdn Bhd (Registration No. 202501025167 (1626580-H)) (“WHSB” or the “Purchaser”) for the proposed disposal of two (2) adjoining freehold land held under Geran 11256, No. Lot 348, and Geran 63526, No. Lot 426, both in Seksyen 15, Bandar George Town, Daerah Timor Laut, Pulau Pinang, together with an 11-storey hotel building erected thereon comprising 258 hotel rooms, bearing the postal address of No. 100, Jalan Burma, 10050 George Town, Pulau Pinang, Malaysia (collectively, the “Property”) to the Purchaser for a total cash consideration of Ringgit Malaysia Fifty-One Million Eight Hundred Eighty-Eight Thousand (RM51,888,000.00) only ("Disposal Consideration"), subject to the terms and conditions stipulated in the SPA (“Proposed Disposal”).

Please refer to the attachment for the details of the Proposed Disposal.

This announcement is dated 15 August 2025.