Reference is made to the news article titled "’Nice, little, solid' DPI Holdings looking to get bigger" appearing in The Edge dated 22 March 2021.

The Board of Directors of DPIH ("The Board") wishes to clarify that DPIH is exploring on the possibility of potential joint ventures and/or mergers and acquisitions in overseas markets.

The Board will release the necessary announcements in a timely manner to Bursa Malaysia Securities Berhad (“Bursa Securities”) should there be any material information in relation to the new venture and/or mergers and acquisitions which falls under the ACE Market Listing Requirements of Bursa Securities. The Board will also seek the necessary shareholders' approval, if required, once the merger and acquisitions is confirmed by the Company.

This announcement is dated 22 March 2021.