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 or 8.04 (Guidance Note 3) in 2019 and 2020, of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”) (“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, 2 August 2021, 1 September 2021, 1 October 2021, 1 November 2021 and 1 December 2021.

On behalf of the Board of Directors of DGSB, M & A Securities Sdn Bhd wishes to announce that the Company had on 24 December 2021 submitted an application for extension of time of 12 months up to 6 January 2023 to submit its regularisation plan to Bursa Securities.

The outcome of the application for extension of time will be announced upon the decision received from Bursa Securities.

This announcement is dated 24 December 2021.