On behalf of the Board of Directors, DPS wishes to announce that SSB had on 8th April 2022 entered into a JDA (“JDA”) with Biotrend Asia (M) Sdn Bhd (“Biotrend”) to jointly develop the Melaka Land into mixed development projects (“Mixed Developments” or “Projects”).

Pursuant to the JDA, Biotrend, being the developer of the Melaka Land, shall grant SSB, full and unfettered rights to carry out the Development on the Melaka Land, in exchange for total consideration average of 3% from the Total Gross Development Value (“GDV”) (“Co-Developer’s Entitlement”).

In view of the interest of certain directors and major shareholders of DPS in the Proposed Joint Development as set out in Section 7 of this Announcement, the Proposed Joint Development is deemed a related party transaction pursuant to Paragraph 10.08 of the Main Market Listing Requirements (“Listing Requirements”) of Bursa Malaysia Securities Berhad (“Bursa Securities”).

Please refer to the attached document for further details.

This announcement is dated 8 April 2022.