(Unless otherwise stated, all abbreviations and definitions used herein shall have the same meaning as those used in the Company’s announcement dated 22 April 2021)

Reference is made to the Company’s announcements dated 22 April 2021, 23 April 2021, 8 July 2021, 29 July 2021, 13 October 2021, 21 January 2022, 23 May 2022, and 21 September 2022 in relation to the Proposed Disposal.

On behalf of the Board, the Company wishes to announce that DAC Land Sdn Bhd (an indirect wholly-owned subsidiary of DBHD) (“the Vendor”) and DMR Land Sdn Bhd (“the Purchaser”) have agreed to further extend the Conditions Precedent Period for another one (1) month from 22 December 2022 until 21 January 2023 to allow both parties to fulfill their Condition Precedent accordingly.

The Company will make further announcements on any material development of the matter from time to time.

This announcement is dated 22 December 2022.