The Board of Directors of EMCC (“Board”) wishes to announce that ECH had on 23 July 2025 entered into a subscription agreement with DPK Private Equity Sdn Bhd (“DPKPE” or the “Subscriber”) for the subscription of 40,000,000 RCPS-i (“Subscription Shares”) by DPKPE at a subscription price of RM1.00 per RCPS-i (“Subscription Price”) amounting to RM40.00 million (“Subscription Sum”) (“Subscription Agreement”).

The Issuance of RCPS-i is expected to raise gross cash proceeds of RM40.00 million, which shall be utilised as cash capital to fund the operations of Ar-Rahnu Tawarruq (Islamic pawnbroking) services of ECH and its identified subsidiaries (“ECH Group”).

Please refer to the attachment below for further details on the announcement. 

This announcement is dated 23 July 2025.