We wish to announce that DNEX-CU had expired at 9.00 a.m. on 7 February 2023 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:

Cash Settlement Amount
= Number of DNEX-CU exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price) 
= Number of DNEX-CU exercised x (1/5) x (RM0.6696 - RM1.4800) 
= Number of DNEX-CU exercised x RM0.0000 

The Closing Price of RM0.6696 is the average daily volume weighted average price (VWAP) of the ordinary shares of DNEX for the five (5) market days prior to and including the market day immediately before the Expiry Date. The DNEX-CU is deemed to have been automatically exercised on the Expiry Date.

As the Cash Settlement Amount is less than Zero, warrantholders will not be entitled to receive any payment from us and all outstanding and unexercised DNEX-CU will cease to be valid and all our obligations in respect to DNEX-CU shall terminate absolutely.

This announcement is dated 7 February 2023.