Reference is made to the Company’s first announcement dated 6 January 2020 in relation to the Company being classified as an affected listed corporation pursuant to Rule 8.03A of the Listing Requirements (“First Announcement”) and the subsequent monthly announcements dated 3 February 2020, 2 March 2020, 1 April 2020, 4 May 2020, 1 June 2020, 1 July 2020, 3 August 2020, 1 September 2020, 1 October 2020, 2 November 2020, 1 December 2020, 4 January 2021, 2 February 2021, 1 March 2021, 1 April 2021, 3 May 2021, 1 June 2021, 1 July 2021 and 2 August 2021.

On behalf of the Board of Directors of DGSB, M & A Securities Sdn Bhd wishes to inform that DGSB had on 30 October 2020 announced that the Company proposed to undertake an investment, via a 60% owned subsidiary, which will result in the Company controlling a 50.1% equity interest in Duramitt Sdn Bhd (“Duramitt”), a company principally involved in the manufacturing and trading of industrial and specialised gloves, as well as medical examination gloves. Please refer to the announcement dated 30 October 2020 for further details. The shareholders of DGSB have resolved to approve the relevant proposals at the Extraordinary General Meeting (“EGM”) convened on 22 April 2021. However, the parties have mutually agreed to terminate the SSSA dated 29 October 2020, by way of a termination agreement dated 30 July 2021.

Pursuant to the announcement dated 26 March 2020 by Bursa Malaysia Berhad on the additional relief measures to alleviate the impact of COVID-19 on capital market players, the requisite time for submission of a regularisation plan by listed issuers which trigger the criteria under Rules 8.03A or 8.04 (Guidance Note 3) of the Listing Requirements has been extended from 12 months to 24 months from the date of the First Announcement. As such, the Company has approximately 4 months to submit a regularisation plan to the relevant authorities for approval and will make further announcements in relation to any latest development in accordance with the requirements under Rule 8.03A of the Listing Requirements.

This announcement is dated 1 September 2021.