On 8 February 2021, DNeX announced that Khazanah Nasional Berhad ("Khazanah") had on 5 February 2021 informed DNeX and its strategic partner, namely Beijing CGP Investment Co Ltd ("CGP") ("Consortium") that Khazanah accepted the bid by the Consortium, led by DNeX, for the proposed sale by Khazanah of the entire issued share capital of SilTerra Malaysia Sdn Bhd ("SilTerra").

On behalf of the Board of Directors of DNeX ("Board"), UOB Kay Hian Securities (M) Sdn Bhd ("UOBKH") wishes to announce that DNeX and Beijing Integrated Circuit Advanced Manufacturing and High-End Equipment Equity Investment Fund Center (Limited Partnership) ("CGP Fund") had together on 31 March 2021, entered into a conditional share sale and purchase agreement ("SSPA") with Khazanah ("Vendor"), for the acquisition by DNeX and CGP Fund (as purchasers) of the entire issued share capital of SilTerra as at the completion date of the SSPA ("Sale Share(s)"), representing the entire equity interest in SilTerra, for a purchase consideration of RM273,000,000 to be satisfied entirely via cash ("Purchase Consideration") ("Proposed Acquisition").

In conjunction with the Proposed Acquisition, DNeX intends to diversify its existing principal activities to include the manufacture, sale and marketing of semiconductor wafers, semiconductor-related tools and any other related activities ("Proposed Diversification").

In addition, DNeX also intends to undertake a fundraising exercise via a private placement which involves the issuance of new ordinary shares in DNeX ("DNeX Share(s)" or "Share(s)") representing up to 30% of the total number of issued shares of DNeX to third party investor(s) to be identified later at an issue price to be determined later ("Placement Shares") ("Proposed Private Placement"), of which the proceeds arising thereto are mainly intended to finance the Proposed Acquisition, either in whole or in part, subject to the successful procurement of placee(s) and implementation of the placement prior to completion of the Proposed Acquisition.

(The Proposed Private Placement, Proposed Acquisition and Proposed Diversification are collectively referred to as the "Proposals").

Further details of the Proposals are set out in the attachment enclosed.

This announcement is dated 31 March 2021.