We refer to your Company's announcement dated 23 August 2022, in respect of the aforesaid matter. In this connection, kindly furnish Bursa Malaysia Securities Berhad with the following additional information for public release:- 1. Name of the substantial shareholders of Len Cheong Resources Sdn Bhd together with their respective direct and/or indirect shareholdings. 2. To provide the indicative value that is attributable to the landowner’s entitlement of 18% of the total number of units developed. 3. The existing disclosure made under item 2.4 (basis and justification for the landowner’s entitlement) of the announcement appears too general and does not provide much value-added information to your shareholders. In this regard, please provide more details and substantive bases to explain on how the landowner entitlement is arrived at. 4. Development details of the Land (Project) pursuant to item (4), Part C of Appendix 10A of the Main Market Listing Requirements. 5. Risks and rewards (including the cost and profit of the Project) that is attributable to DPS and Len Cheong Resources Sdn Bhd. 6. Further explanation on how the deposit sum of RM1.294 million is derived. To also disclose whether or not the deposit sum is refundable. If yes, at which point and under what circumstances will the deposit be refunded to the Developer. If non-refundable, please provide the explanation accordingly. 7. Based on the percentage ratio as prescribed under paragraph 10.02(g)(vii) of the Listing Requirements, the calculation should be computed based on the total project cost that is attributable to DPS compared to the total assets of DPS. In this regard, please provide complete and accurate details to demonstrate how the percentage ratio calculation of 1.486% is arrived at. 8. To explain if there is a fixed ratio to be shared by SPM and Len Cheong Resources Sdn Bhd (the Landowner) pursuant to the JVA, particularly with respect to sharing of financial resources to fund the development of the Project and future financial outcome to be derived from the Project. Please furnish Bursa Securities with your reply within one (1) market day from the date hereof. Yours faithfully Listing Regulation cc:- Market Surveillance, Securities Commission |