The Board of Directors of DC Healthcare announced that DC Healthcare had on 16 August 2023, incorporated a wholly owned subsidiary known as DC Wellness Sdn. Bhd. The share capital of DCW is to facilitate the company's expansion into another segment of healthcare and wellness businesses.

This new venture is focused on encouraging healthy weight loss and improving overall human well-being. The incorporation of DCW does not have any effect on the share capital and substantial shareholders' shareholdings of DC Healthcare. It is also not expected to have any material effect on the net assets, gearing and earnings of DC Healthcare for the financial year ending 31 December 2023.

DCW is principally engaged in the following business activities: - a. Provision of slimming services, sales of slimming products, and provision of other services and products related to slimming treatments; b. Beauty salon and provision of beauty related services and sale of beauty products; and c. Investment business activities.