The Board of Directors of DPS Resources Berhad (“DPS” or the “Company”) is pleased to announce that all the resolutions set out in the Notice of Extraordinary General Meeting (“EGM”) dated 2 June 2014 and tabled at the said EGM held today, was duly passed by the shareholders of the Company:-

1. Approval of proposed reduction of the issued and paid-up share capital of the Company via the cancellation of RM0.40 par value of each existing ordinary share of RM0.50 each to RM0.10 each in the Company pursuant to Section 64 of the Companies Act, 1965 (“Proposed Par Value Reduction”).

2. Approval of amendment to the Memorandum of Association of the Company.

3. Approval of proposed joint venture between DPS Development Venture Sdn Bhd (formerly known as Toko Industries Sdn Bhd) (“DPS Development”), Shantawood Sdn Bhd (formerly known as Shantawood Manufacturing Sdn Bhd) (“SBB”) and DPS Realty Sdn Bhd (“DPSR”) to jointly develop three (3) parcels of land known as Lot 18565, Lot 18566 and Lot 18567, Mukim of Krubong, State of Melaka Bandaraya Bersejarah held under Geran Mukim Malacca Customary Land 773, 772 and 771 respectively (“Proposed JV 2”).

4. Approval of proposed joint venture between DPS Development, SSB and DPSR to jointly develop three (3) parcels of land known as Lot 3949, Lot 3950 and Lot 3951, Mukim of Tanjong Minyak, District of Melaka Tengah, State of Melaka Bandaraya Bersejarah held under Pajakan Mukim 2297, 2298 and 2299 respectively (“Proposed JV 3”).

5. Approval of proposed renounceable rights issue of up to 659,838,788 new ordinary shares of RM0.10 each in the Company (“DPS Shares”) (“Rights Shares”) on the basis of two (2) Rights Shares for every one (1) existing DPS Share held, together with up to 395,903,272 free detachable warrants (“Rights Warrants”) on the basis of three (3) Rights Warrants for every five (5) Rights Shares subscribed at an entitlement date to be determined later, after the completion of the Proposed Par Value Reduction.

6. Approval of proposed diversification of the principal activities of DPS and its subsidiaries to include property development.

7. Approval of proposed exemption to Datuk (Dr) Sow Chin Chuan and persons acting in concert with him, namely Datin Chu Kim Guek and Eric Sow Yong Shing from the obligation to undertake a mandatory take-over offer to acquire all the remaining DPS Shares and convertible securities in DPS not already owned by them under paragraph 16.1 of practice note 9 of the Malaysia Code on Take-Overs and Mergers, 2010 (“Proposed Exemption”).

   The result of poll in respect of the Ordinary Resolution 1 – Proposed JV 2 is as stated below:

The result of poll in respect of the Ordinary Resolution 2 – Proposed JV 3 is as stated below:

The result of poll in respect of the Ordinary Resolution 5 – Proposed Exemption is as stated below: