We refer to our announcements dated 11.7.2014, 18.8.2014, 25.8.2014, 26.11.2014, 20.1.2015, 24.2.2015, 27.5.2015, 15.7.2015, 27.8.2015, 26.11.2015, 22.12.2015, 29.2.2016, 11.5.2016, 18.8.2016, 23.8.2016, 21.11.2016, 23.2.2017, 20.4.2017, 29.5.2017, 25.8.2017, 29.9.2017, 23.11.2017, 23.2.2018, 27.4.2018, 25.5.2018, 29.8.2018, 30.10.2018, 28.11.2018, 26.2.2019, 23.5.2019, 27.5.2019, 28.8.2019, 25.10.2019, 28.11.2019 and 28.2.2020.

The Board of Directors of Encorp wishes to announce that the Company has today received a letter from Bursa Securities dated 5 May 2020, granting its approval for a further extension of time of six (6) months until 9 October 2020 for the Company to comply with the public shareholding spread requirement.

Based on the Record of Depositors as at 20 March 2020, the public shareholding spread is 22.5%, which is still below the minimum public shareholding spread requirement.

The Company is considering various options to address the shortfall in the public shareholding spread which may include, inter-alia, a private placement of new Encorp shares by Encorp and/or secondary placement of existing Encorp shares by certain shareholders of Encorp.

The Company will continue to monitor the level of public shareholding spread and make the necessary announcements in relation to the status of its efforts to comply with the public shareholding spread requirement in accordance with the Bursa Securities Listing Requirements.

This announcement is dated 6 May 2020.