On behalf of the Board of Directors of Ecomate Holdings (“Board”), M & A Securities Sdn Bhd (“M&A Securities”) wishes to announce that the Company proposes to undertake the following:

(i) an acquisition by Ecomate Holdings of 600,000 ordinary shares in Progressive Computer Systems Sdn Bhd (“PCS”), representing 60.0% equity interest in PCS from Law Seng Peng (“Vendor”) for a total cash consideration of RM8.4 million (“Purchase Consideration”) (“Proposed Acquisition”);

(ii) a diversification of the existing business operations of Ecomate Holdings and its subsidiaries (collectively, the “Ecomate Holdings Group” or “Group”) to include information and communications technology (“ICT”) solutions (“ICT Solutions Business”) (“Proposed Diversification”);

(iii) a bonus issue of shares up to 358,025,834 new ordinary shares in Ecomate Holdings (“Ecomate Holdings Share(s)” or “Share(s)”) (“Bonus Share(s)”) on the basis of 1 Bonus Share for every 1 existing Ecomate Holdings Share held on an entitlement date to be determined and announced by the Board at a later date (“Entitlement Date”) (“Proposed Bonus Issue of Shares”); and

(iv) an issuance of up to 358,025,834 warrants (“Warrant(s)”) on the basis of 1 Warrant for every 1 existing Ecomate Holdings Share held on the same Entitlement Date as the Proposed Bonus Issue of Shares (“Proposed Bonus Issue of Warrants”),

(collectively, the “Proposals”).

Further details on the Proposals are set out in the attachment.

This announcement is dated 6 June 2025.