Reference is made to the article which appeared in The Edge on 29 April 2024.

The Board of Directors of EMCC wishes to clarify that the Company has not issued any projections in respect of its financial performance. Nevertheless, the Company endeavours to continue growing its pawnbroking business which can be seen from its historical growth and the increase of its network of "Pajaking" pawnshops from 22 (at the point of listing back in September 2023) to currently 27 "Pajaking" pawnshops.

This announcement is dated 29 April 2024.