Reference is made to the letter dated 29 May 2024 received from Bursa Malaysia Securities Berhad (“Bursa Securities”) querying the unusual market activity of the Company in relation to the sharp fall in price of the Company’s shares today. 

The Board of Directors of EPICON (“Board”) wishes to confirm that, to the best of our knowledge and after making due enquiry with all the Company’s directors, major shareholders as well as other relevant persons: 

1. Whether there is any corporate development relating to your Group’s business and affairs that has not been previously announced that may account for the trading activity including those in the stage of negotiation/discussion. If yes, kindly provide the details including status of the corporate development to enable investors to make informed investment decisions;

The Board is not aware of any corporate development relating to the Company and its subsidiaries ("Group") business and affairs that has not been previously announced that may account for the trading activity including those in the stage of negotiation/discussion.

2. Whether there is any rumour or report concerning the business and affairs of the Group that may account for the trading activity and in this respect, you are required to comply with Paragraphs 9.09 and 9.10 of Bursa Securities LR;

The Board is not aware of any rumour or report concerning the business and affairs of the Group that may account for the trading activity. 

3. Whether you are aware of any other possible explanation to account for the trading activity; and 

The Board is not aware of any possible explanation to account for the trading activity. Nonetheless, the Company has been notified by the major shareholder that one of its members is currently assisting in an investigation conducted by the Malaysia Anti-Corruption Commission (MACC) in his own personal capacity. The Company wishes to highlight that the investigation is not related to the Company and has no impact on the business and affairs of the Group.

4. Whether you are in compliance with the Bursa Securities LR, in particular Paragraph 9.03 of the Bursa Securities LR on immediate disclosure obligations.

The Company complies with the Main Market Listing Requirements of Bursa Securities ("Listing Requirements"), in particular Paragraph 9.03 of the Listing Requirements on immediate disclosure obligations. 

This announcement is dated 29 May 2024.