On behalf of the Board of Directors of DS Sigma (“Board”), Public Investment Bank Berhad (“PIVB”) wishes to announce that Dai Suwon Packaging Sdn Bhd, a wholly-owned subsidiary of DS Sigma, had on 29 December 2023 entered into a sale and purchase agreement with UMW Development Sdn Bhd for the acquisition of a plot of vacant leasehold industrial land measuring approximately 4 acres (located within Precinct 5B, Northern Zone of the UMW High Value Manufacturing Park) currently forming part of the vacant leasehold industrial lands held under land title no. HSD 63084, Lot PT 17945 and PN 15879, Lot 15007, which is located in Seksyen 20, Bandar Serendah, Daerah Ulu Selangor, Negeri Selangor, for a cash consideration of RM12,196,800.00 (“Proposed Acquisition”).

In addition, on behalf of the Board, PIVB also wishes to announce that the Company proposes to undertake a proposed variation and extension of timeframe for the utilisation of proceeds raised from the initial public offering of the Company which was completed on 6 January 2023 (“Proposed Variation and Extension”).

Please refer to the attachment for further details on the Proposals.

This announcement is dated 29 December 2023.