On behalf of the Board of Directors of Ekovest ("Board"), MBSB Investment Bank Berhad ("MBSB IB") wishes to announce that the Company proposes to undertake a renounceable rights issue of up to 1,779,246,481 new ordinary shares in Ekovest ("Ekovest Share(s)") ("Rights Share(s)") at an issue price of RM0.20 per Rights Share ("Issue Price"), on the basis of 3 Rights Shares for every 5 existing Ekovest Shares held on an entitlement date ("Entitlement Date") to be determined by the Board and announced by the Company at a later date ("Proposed Rights Issue").

Please refer to the attachment for further details on the Proposed Rights Issue.

This announcement is dated 17 August 2026.