The Board of Directors of Ekovest announced that the Company had on 27 December 2023 entered into a strategic collaboration agreement with Universal Cosmos Co Ltd, to establish a broad-based multi-angle collaboration and strategic cooperation arrangement in relation to amongst others, participation in infrastructure concession asset in Malaysia, large scale infrastructure projects, food security & trade and retailing and transit-oriented development projects in Malaysia, whether to be undertaken by the parties or through their nominees, with the aim to explore new ventures and projects which draw on and combine the respective unique resources, expertise, knowledge and experience of Ekovest and CICO ("Collaboration"), upon such terms and subject to the such conditions as may be mutually agreed upon by the parties . It is the Parties' intention, subject to terms to be mutually agreed upon, to jointly explore new ventures and projects including but not limited to potential investment in infrastructure concession asset in Malaysia, large scale infrastructure projects, food industry businesses.