On behalf of the Board of Directors of DFCity ("Board"), M & A Securities Sdn Bhd ("M&A Securities") wishes to announce that the Company proposes to undertake a private placement of up to 10% of the total number of issued ordinary shares in DFCity ("DFCity Shares" or "Shares"), (excluding treasury shares, if any), at an issue price to be determined and fixed at a later date ("Proposed Private Placement").
The Proposed Private Placement will be undertaken pursuant to the authority granted to the Board of Directors of DFCity under Sections 75 and 76 of the Companies Act 2016 ("Act") by the shareholders of the Company at its 16th Annual General Meeting ("AGM") held on 12 June 2025, whereby the Board had been authorised to allot and issue new DFCity Shares not exceeding 10% of the total number of issued Shares ("General Mandate"). Pursuant to the General Mandate the shareholders of the Company had also agreed to waive their statutory pre-emptive rights of the shareholders of DFCity under Section 85 of the Act, read together with Clause 14 of the Constitution of the Company, to be offered any new Shares ranking equally to the existing issued Shares of the Company arising from any issuance of new Shares pursuant to the General Mandate.
Kindly refer to the attachment for further details on the Proposed Private Placement.
This announcement is dated 15 June 2026.