On behalf of our Board of Directors of DPS (“Board”), Sierac Corporate Advisers Sdn Bhd (“SCA”) wishes to announce that Summer Starhill Sdn Bhd (“Summer Starhill” or the “Purchaser”), a wholly owned subsidiary of DPS, had on 18 April 2023, entered into a conditional sale and purchase agreement (“SPA”) with Pakatan Simbol Sdn Bhd (“Pakatan Simbol” or the “Vendor”) for the acquisition of 7 parcels of freehold lands located within Mukim Lendu and Mukim Kelemak, Daerah Alor Gajah, Melaka measuring approximately 253.306 acres (“Subject Lands”) for a purchase consideration of RM45.60 million (“Purchase Consideration”), which will be satisfied entirely in cash (“Proposed Acquisition”).

Please refer to the attachment for further details of the Proposed Acquisition.

This announcement is dated 18 April 2023.