News

Reference is made to the Company’s announcements dated 27 October 2023 and 27 May 2024 in relation to the execution of a binding heads of merger agreement between the Company and Ekovest to explore and negotiate the Proposed Knusford-ECSB Merger (“Announcements”). Unless otherwise stated, all terms used herein shall have the same meaning as defined in the Announcements.

The Company wishes to announce that the Parties have mutually agreed for a further extension of 6 months commencing from 28 July 2024 to 27 January 2025, to grant more time for the Parties to assess, evaluate and deliberate the Proposed Knusford-ECSB Merger in detail and to discuss and negotiate on the terms of the Definitive Agreement between the Parties.

This announcement is dated 26 July 2024.