The Board of Directors of Sand Nisko Capital Berhad (“SNC” or the “Company”) (“Board”) wishes to announce the following recurrent related party transactions of a revenue and/or trading nature (“RRPTs”) are entered into between SNC and its related party, DPS Resources Berhad (“DPS”) on 14 July 2021.

On 14 July 2021, SNC, via its wholly-owned subsidiary, Len Cheong Industries Sdn Bhd (“LCI” or the “Contractor”) has accepted seven (7) Letter of Awards (“LOAs”) for construction works of projects with aggregate contract value of RM34.52 million from Shantawood Sdn Bhd (“SSB”), a wholly-owned subsidiary of DPS. The projects are located in Mukim Tanjong Minyak, Mukim Bukit Rambai and Mukim Krubong in the State of Melaka (“Projects”).

Please refer to the attached document for further details.

This announcement is dated 14 July 2021.