The Board of Directors of DPS wishes to announce that its wholly owned subsidiary, SHANTAWOOD had on 24 May 2021 entered into a Sale and Purchase Agreement (“SPA”) with BAO LONG MARKETING SDN. BHD. (Registration No.:201001006489(891106-W)) (“Vendor”) for the proposed acquisition of all piece of freehold land held under GM 521, Lot 1209, Mukim Tanjong Minyak, Daerah Melaka Tengah, State of Melaka measuring with an approximate area of 2.853 Hectares at a purchase consideration of Ringgit Malaysia Six Million One Hundred Forty One Thousand Eight Hundred Eighty Seven and Cents Twenty only (RM6,141,887.20).

Please refer to the attached document for further details.

This announcement is dated 25 May 2021.