DPI Holdings Berhad (KLSE:DPIH) and Ching Yang Mo entered into Memorandum of Understanding to acquire 95% stake in Zeus Chemical Products Pty Ltd from Neil Gregory Zeuschner and Jane Caroline Zeuschner on September 30, 2022. Ching Yang Mo is acquiring 5% stake in Zeus Chemical Products and DPI Holdings Berhad (KLSE:DPIH) is acquiring 90% stake in Zeus Chemical Products. As on March 31, 2023, The Board of Directors of DPI Holdings wishes to announce that the MOU will lapse upon its expiry on March 31, 2023 as the parties to the MOU have mutually and amicably agreed not to further extend the validity period of the MOU.

The expiry of the MOU will not have any material financial impact on DPI Holdings and its group of companies.