REPLY TO QUERIES FROM BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") DATED 28 JULY 2017

We refer to your Company’s announcement dated 26 July 2017, in respect of the aforesaid matter.

In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

1.        The total amount transacted with Mr. Foo Sen Chin for the preceding 12 months.

2.       The additional specific information as per Part C, Appendix 10A.

3.        The net profits and net asset of EP based on its audited financial statements for financial year ended 31 December 2016.

4.        The particulars of all liabilities, including contingent liabilities and guarantees to be assumed by ECSB, arising from the Proposed Acquisition.

5.        The sources of funding for the purchase consideration, and the breakdown.

6.        The original cost of investment of the Vendor in the Sale Shares, and the date of such investment.

7.        A statement setting out whether the audit committee of ECSB is of the view that the transaction is:-

            (a)       in the best interest of ECSB;

            (b)       fair, reasonable and on normal commercial terms; and

            (c)        not detrimental to the interest of the minority shareholders,

            together with the basis for its views;

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

Yours faithfully,

TAN YEW ENG
Vice President, Issuers
Listing, Regulation

TYE/NZ

Cc : Market Surveillance Dept. , Securities Commission (via fax)