Additional Listing Announcement /Subdivision of Shares

DAGANG NEXCHANGE BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Acquisitions
Details of corporate proposal	PROPOSED ACQUISITION BY DAGANG NeXCHANGE BERHAD ("DNeX") OF 60% OF THE ISSUED SHARE CAPITAL IN PING PETROLEUM LIMITED ("PING") FOR A PURCHASE CONSIDERATION OF USD78,000,000 TO BE SATISFIED VIA A COMBINATION OF CASH, ISSUANCE OF NEW ORDINARY SHARES IN DNeX, AND ISSUANCE OF REDEEMABLE PREFERENCE SHARES IN DNeX ENERGY SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF DNeX
No. of shares issued under this corporate proposal	192,368,414
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.8005
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units	2,709,775,128
Issued Share Capital ($$)	Malaysian Ringgit (MYR) 792,385,826.597
Listing Date	30 Jun 2021

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