The Board of Directors of Eco World International Berhad ("Company") wishes to announce that the special resolution set out in the Notice of the Extraordinary General Meeting ("EGM") dated 26 May 2023 was duly passed by the shareholders of the Company at the EGM held on Monday, 19 June 2023.

The special resolution was approved by way of poll via remote participation and electronic voting facilities. The results of the poll were validated by GovernAce Advisory & Solutions Sdn Bhd, the Independent Scrutineer appointed by the Company. The details of the results of the poll are set out below.

Following completion of the Proposed Capital Reduction which is expected to be in August 2023, the Company intends to declare a first tranche of dividend amounting to at least RM300 million. The date for the declaration of first tranche of dividend will be determined and announced later subject to completion of the Proposed Capital Reduction, our Company’s compliance with all applicable laws and regulations and approval of the Board of Directors of the Company for the dividend distribution at such point in time.

This announcement is dated 19 June 2023.

PROPOSED REDUCTION OF THE ISSUED SHARE CAPITAL OF THE COMPANY OF RM1,500 MILLION PURSUANT TO SECTION 117 OF THE COMPANIES ACT 2016