We refer to the article published by The Star on 22 January 2021 entitled: “Bidders explain role in Silterra sale saga” as attached and our announcement on 21 January 2021 in respect of the article published by The Edge on 11 January 2021 entitled: “DNeX has until end-January to win SilTerra” and the same published again on 18 January 2021.

The Board of Directors (“Board”) of DNeX wishes to confirm that the Company has submitted a bid for the acquisition of 100% stake in SilTerra Malaysia Sdn Bhd (“SilTerra”) to Khazanah Nasional Berhad (“Khazanah”) through an open bid process.

The outcome of the bid proposal is pending the decision of the relevant stakeholders of SilTerra at this juncture. Further, the bid is subject to strict confidentiality with Khazanah and no details of the bid can be publicly disclosed until the decision has been made.

The Board is cognisant of the need for proper dissemination of information to the public and would release announcement on Bursa Securities on any material issue or development arising from the above event on a timely basis in accordance with the Listing Requirements.

This announcement is dated 22 January 2021.