The Board of Directors of DPS Resources Berhad (“DPS” 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 DPS and its related party, Sand Nisko Capital Berhad (“SNC”) on 14 July 2021.

On 14 July 2021, DPS, via its wholly-owned subsidiary, Shantawood Sdn Bhd (“SSB” or the “Employer”) has awarded seven (7) Letter of Awards (“LOAs”) for construction works of projects with aggregate contract value of RM34.52 million to Len Cheong Industries Sdn Bhd (“LCI”), a wholly-owned subsidiary of SNC. 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.