Reference is made to the Company's announcements dated 26 July 2023, 30 November 2023, 28 February 2024, 28 May 2024, 28 August 2024, 27 November 2024, 28 February 2025, 27 May 2025, 29 August 2025, 28 November 2025 and 26 February 2026 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 all parties have confirmed their agreement to mutually terminate the MOU.

In light of the mutual termination, the MOU has effectively come to an end.

The mutual termination of the MOU is not expected to have any material financial, operational, legal or risk-related impact on the Company.

This announcement is dated 28 May 2026.