【VELOCITY 7165 交流专区】（前名 CSH）

icy97

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	DWL RESOURCES BERHAD (FORMERLY KNOWN AS SPRING GALLERY BERHAD) ('DWL' OR 'THE COMPANY') AND ITS SUBSIDIARIES ("DWL GROUP") - DISPOSAL OF THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL IN SAMA RESTU SDN. BHD. ('SRSB') BY ASIAN POTTERY (PENANG) SDN. BHD. ('APPSB'), A WHOLLY OWNED SUBSIDIARY OF DWL
The Board of Directors of DWL ('the Board') wishes to announce that Asian Pottery (Penang) Sdn. Bhd. ('APPSB' or 'the Vendor'), a wholly-owned subsidiary of the Company had on 4 April 2019 entered into a Shares Sale Agreement ('SSA') with Yap Chee Wai of No. 75, Jalan CH 2, Cheras Hartamas, 43200 Batu 9 Cheras, Selangor and Fan Shue Shin of No. 59, Persiaran Perpaduan Jaya 9, Taman Perpaduan Jaya, 31150 Ipoh, Perak ('the Purchasers') for the disposal of the entire equity interest held by APPSB in Sama Restu Sdn Bhd (Company No.: 1111308-W) ('SRSB'), comprising 500,000 ordinary shares of RM1.00 each ('Sale Shares') for a total cash consideration of RM750,000.00 (Ringgit Malaysia Seven Hundred and Fifty Thousand) only ('Disposal Consideration')('Disposal'). Please refer to the attached for further details. This announcement is dated 4 April 2019.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6116333

Attachments Attachment - Announcement on disposal of SRSB 4.4.2019.pdf

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Date of change	08 Apr 2019
Name	ENCIK AHMAD RUSLAN ZAHARI BIN ZAKARIA
Age	58
Gender	Male
Nationality	Malaysia
Type of change	Redesignation
Previous Position	Chairman
New Position	Independent Director
Directorate	Independent and Non Executive

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Date of change	08 Apr 2019
Name	ENCIK WAN KHALIK BIN WAN MUHAMMAD
Age	46
Gender	Male
Nationality	Malaysia
Type of change	Redesignation
Previous Position	Executive Director
New Position	Executive Chairman
Directorate	Executive

Qualifications

No

Qualifications

Major/Field of Study

Institute/University

Additional Information

Working experience and occupation
Family relationship with any director and/or major shareholder of the listed issuer	Nil
Any conflict of interests that he/she has with the listed issuer	Nil
Details of any interest in the securities of the listed issuer or its subsidiaries	19,860,700 ordinary shares and 15,000,000 irredeemable convertible preference shares - Deemed interested by virtue of his shareholdings in Total Sejati Sdn. Bhd. pursuant to Section 8 of the Companies Act 2016.

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Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	DWL RESOURCES BERHAD (FORMERLY KNOWN AS SPRING GALLERY BERHAD) ('DWL' OR 'THE COMPANY') AND ITS SUBSIDIARIES ('DWL GROUP') - DISPOSAL OF THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL IN SAMA RESTU SDN. BHD. ('SRSB') BY ASIAN POTTERY (PENANG) SDN. BHD. ('APPSB'), A WHOLLY OWNED SUBSIDIARY OF DWL
With reference to the announcement made on 4 April 2019 (‘Announcement’), unless otherwise defined, the definitions set out in the Announcement shall apply herein. Further to the Announcement, please refer to the attached for additional information. The announcement is dated 8 April 2019. http://www.bursamalaysia.com/market/listed-companies/company-announcements/6119257

Attachments DWL-Additional Information on disposal of Sama Restu Sdn. Bhd. - 8.4.2019.pdf

icy97

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	DWL RESOURCES BERHAD (FORMERLY KNOWN AS SPRING GALLERY BERHAD) ('DWL' OR 'THE COMPANY') AND ITS SUBSIDIARIES ('DWL GROUP') - LEASE-TO-OWN AGREEMENT IN RELATION TO THE FIVE PROPERTIES IN MUKIM CERAS, DAERAH HULU LANGAT, NEGERI SELANGOR ON FIVE PARCELS OF FREEHOLD LAND
The Board of Directors of DWL ('the Board') wishes to announce that DWL (the 'Lessor' or 'Seller') had on 9 April 2019 entered into a lease-to-own agreement ('Agreement') with Smart Goldyear Sdn. Bhd. (Company No. 1183954-V) ('SGSB') (the 'Lessee' or 'Buyer') for the five (5) properties listed below for a total agreed purchase price of RM8,450,000.00 ('Purchase Price'):- No. Address Purchase Price (RM) Property 1 GM 5022, Lot 45196, Mukim Ceras, Daerah Hulu Langat, Negeri Selangor measuring approximately 127 square meter bearing the postal address of No. 2, Jalan Panglima, Off Persiaran Mahkota, Bandar Mahkota Cheras, 43200 Cheras, Selangor 1,690,000.00 Property 2 GM 5021, Lot 45195, Mukim Ceras, Daerah Hulu Langat, Negeri Selangor measuring approximately 133 square meter bearing the postal address of No. 3, Jalan Panglima, Off Persiaran Mahkota, Bandar Mahkota Cheras, 43200 Cheras, Selangor 1,690,000.00 Property 3 GM 5020, Lot 45194, Mukim Ceras, Daerah Hulu Langat, Negeri Selangor measuring approximately 137 square meter bearing the postal address of No. 3A, Jalan Panglima, Off Persiaran Mahkota, Bandar Mahkota Cheras, 43200 Cheras, Selangor 1,690,000.00 Property 4 GM 5019, Lot 45193, Mukim Ceras, Daerah Hulu Langat, Negeri Selangor measuring approximately 140 square meter bearing the postal address of No. 5, Jalan Panglima, Off Persiaran Mahkota, Bandar Mahkota Cheras, 43200 Cheras, Selangor 1,690,000.00 Property 5 GM 5018, Lot 45192, Mukim Ceras, Daerah Hulu Langat, Negeri Selangor measuring approximately 142 square meter bearing the postal address of No. 6, Jalan Panglima, Off Persiaran Mahkota, Bandar Mahkota Cheras, 43200 Cheras, Selangor 1,690,000.00 TOTAL 8,450,000.00 The above five (5) properties hereinafter collectively referred to as the ‘Properties’.  Please refer to the attached for further details.The announcement is dated 9 April 2019.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6121157

Attachments Attachment -Announcement (lease-to-own agreement) 9.4.2019.pdf

icy97

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	DWL RESOURCES BERHAD (FORMERLY KNOWN AS SPRING GALLERY BERHAD) ('DWL' OR 'THE COMPANY') AND ITS SUBSIDIARIES ('DWL GROUP') - DISPOSAL OF THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL IN PROFIT SUNLAND SDN. BHD.
The Board of Directors of DWL ('the Board') wishes to announce that the Company ('the Vendor') had on 10 April 2019 entered into a Shares Sale Agreement (‘SSA’) with Avermax Capital (M) Sdn. Bhd. (Company No. 1137304-P) (‘ACMSB’) ('the Purchaser') for the disposal of the entire equity interest in Profit Sunland Sdn. Bhd. (Company No. 1143534-U) (‘PSSB’), comprising 2,000,000 ordinary shares of RM1.00 each ('Sale Shares') for a total cash consideration of RM2,000,000.00 (Ringgit Malaysia Two Million) only ('Disposal Consideration')('Disposal'). PSSB would cease to be a wholly-owned subsidiary of the Company on completion of the sale and purchase of the Sale Shares pursuant to the terms and conditions in the SSA. Please refer to the attached for further details. This announcement is dated 10 April 2019.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6122121

Attachments Attachment - Anouncement on disposal of PSSB - 10.4.2019.pdf

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Notice of Interest Sub. S-hldr (Section 137 of CA 2016)

DWL RESOURCES BERHAD

Particulars of Substantial Securities Holder

Name	DATO' SRI AMINUL ISLAM BIN ABDUL NOR
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares
Name & address of registered holder	Kenanga Nominees (Tempatan) Sdn. Bhd. Pledged Securities Account for Greenfield Hills Sdn. Bhd.Level 15, Kenanga Tower,No. 237, Jalan Tun Razak,50400 Kuala Lumpur

Date interest acquired & no of securities acquired
Date interest acquired	12 Apr 2019
No of securities	59,650,000
Circumstances by reason of which Securities Holder has interest	Acquisition of shares in Greenfield Hills Sdn. Bhd., a substantial shareholder of the Company- Deemed interested by virtue of his shareholdings in Greenfield Hills Sdn. Bhd.
Nature of interest	Indirect Interest
Total no of securities after change
Direct (units)	0
Direct (%)	0
Indirect/deemed interest (units)	59,650,000
Indirect/deemed interest (%)	30.031
Date of notice	12 Apr 2019
Date notice received by Listed Issuer	12 Apr 2019

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Notice of Person Ceasing (Section 139 of CA 2016)

DWL RESOURCES BERHAD

Particulars of Substantial Securities Holder

Name	MR LIM MUN SHUNG
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares
Date of cessation	12 Apr 2019
Name & address of registered holder	Kenanga Nominees (Tempatan) Sdn. Bhd.Pledged Securities Account for Greenfield Hills Sdn. Bhd. Level 15, Kenanga Tower,No. 237, Jalan Tun Razak,50400 Kuala Lumpur

No of securities disposed	59,650,000
Circumstances by reason of which a person ceases to be a substantial shareholder	Cease to be shareholder of Greenfield Hills Sdn. Bhd., a substantial shareholder of the Company
Nature of interest	Indirect Interest
Date of notice	12 Apr 2019
Date notice received by Listed Issuer	12 Apr 2019

icy97

Type	Announcement
Subject	OTHERS
Description	DWL RESOURCES BERHAD (FORMERLY KNOWN AS SPRING GALLERY BERHAD) ('DWL' OR THE 'COMPANY') AND ITS SUBSIDIARIES ('DWL GROUP' OR 'GROUP') - PRE-BID CONSORTIUM AGREEMENT BETWEEN MILLION RICH DEVELOPMENT SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF DWL AND GADANG ENGINEERING (M) SDN. BHD.
The Board of Directors of DWL (‘Board’) wishes to announce that Million Rich Development Sdn. Bhd. (Company No. 1207291-T) (‘MRDSB’), a wholly-owned subsidiary of DWL, had on 18 April 2019 entered into a Pre-Bid Consortium Agreement (‘Agreement’) with Gadang Engineering (M) Sdn. Bhd. (Company No. 59575-V)  (‘GESB’) (MRDSB and GESB shall hereinafter be collectively referred to as the ‘Parties’ and individually referred to as a ‘Party’). The Parties are desirous to jointly work together to submit tender for the infrastructure projects (‘Projects’) (‘the Tender’) to the project owners and/or the main contractors of the Projects and the Parties have agreed to associate in consortium for the purpose of preparing and submitting the Tender to the project owners and/or the main contractors of the Projects and if successful, jointly undertaking a contract for the Projects (‘the Contract’). Please refer to the attachment for the details of the announcement. This announcement is dated 18 April 2019.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6129857

Attachments Attachment - Announcement Pre-Bid Consortium Agreement.pdf

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Date of change	19 Apr 2019
Name	DATO' SRI SHAHRIL BIN MOKHTAR
Age	47
Gender	Male
Nationality	Malaysia
Designation	Managing Director
Directorate	Executive
Type of change	Appointment

Qualifications

No	Qualifications	Major/Field of Study	Institute/University	Additional Information
1	Masters	Management	University of Malaya
2	Degree	Bachelor of Science in Industrial and Organisational Psychology	University of Missouri
3	Others	Advance Management Program	Kellogg School of Management, Northwestern University

Working experience and occupation

Dato' Sri Shahril started his career in the banking industry and then, he moved on to serve in a few industries before he joined RapidKL in 2006 as their General Manager of Corporate Planning.  At RapidKL, Dato' Sri Shahril successfully prepared and implemented the company's first ever ten (10) years Public Transport Strategic Roadmap (Transformation Plan) during his tenure until 2009. In view of his knowledge and experience in the transportation sector, he was later appointed as one of the key members of the Technical Committee to develop the Key Performance Indicators for the Ministry of Transport ('MOT') and was later seconded to the MOT and was appointed the Deputy Leader for the National Key Result Area for Public Transport Lab led by the MOT. At MOT, Dato' Sri Shahril successfully co-led the Urban Public Transport Lab in developing eleven (11) high impact initiatives as a component of the high-profile Government Transformation Program.From October 2009 to October 2010, he was seconded as an Adviser to the Economic Planning Unit of the Prime Minister's Department to assist the Government in setting up the Commission and then Dato' Sri Shahril was appointed as the Chief Operating Officer of Suruhanjaya Pengangkutan Awam Darat (SPAD), the Commission tasked with spearheading long-term reforms in land-based passenger and goods transportation. After that, he was promoted to be the Group Managing Director of Prasarana Malaysia Berhad ('Prasarana') from October 2010 to December 2014 where he led the Prasarana Group's Business Turnaround Plan and Business Transformation Plan. Moving forward, Dato' Sri Shahril was then appointed as the Chief Executive Officer ('CEO') of Mass Rapid Transit Corporation Sdn Bhd ('MRT Corp') in January 2015 until December 2018. As a CEO of MRT Corp, he was responsible to oversee and monitor the multibillion MRT Line 1 (Sg. Buloh-Kajang Line) and MRT Line 2 (Sg. Buloh-Serdang-Putrajaya Line) projects development.

icy97

Type	Announcement
Subject	OTHERS
Description	DWL RESOURCES BERHAD (FORMERLY KNOWN AS SPRING GALLERY BERHAD) ('DWL' OR THE 'COMPANY') AND ITS SUBSIDIARIES ('DWL GROUP' OR 'GROUP') - PRE-BID CONSORTIUM AGREEMENT BETWEEN MILLION RICH DEVELOPMENT SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF DWL AND GADANG ENGINEERING (M) SDN. BHD.
We refer to our announcement made on 18 April 2019 in relation to the Pre-Bid Consortium Agreement ('Announcement'), unless otherwise defined, the definitions set out in the Announcement shall apply herein. As announced, the Parties are desirous to jointly work together to submit tender for the infrastructure projects ('Projects') ('the Tender') to the project owners and/or the main contractors of the Projects and the Parties have agreed to associate in consortium for the purpose of preparing and submitting the Tender to the project owners and/or the main contractors of the Projects and if successful, jointly undertaking a contract for the Projects. With regard to the news article published on 22 April 2019 in The Edge Financial Daily headlined 'Gadang casts eye on ECRL jobs' and specifically referring to second paragraph of the said article, the Company wishes to clarify that at this juncture, the Consortium has not yet submitted any official tender for ECRL jobs. This announcement is dated 22 April 2019.

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Notice of Interest Sub. S-hldr (Section 137 of CA 2016)

DWL RESOURCES BERHAD

Particulars of Substantial Securities Holder

Name	GADANG HOLDINGS BERHAD
Address	Wisma Gadang, No. 52, Jalan Tago 2, Off Jalan Persiaran Utama, Sri Damansara Kuala Lumpur 52200 Wilayah Persekutuan Malaysia.
Company No.	278114-K
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares
Name & address of registered holder	GADANG HOLDINGS BERHAD Wisma Gadang, No. 52, Jalan Tago 2, Off Jalan Persiaran Utama, Sri Damansara, 52200 Kuala Lumpur

Date interest acquired & no of securities acquired
Date interest acquired	26 Apr 2019
No of securities	20,000,000
Circumstances by reason of which Securities Holder has interest	Acquisition via direct business transaction
Nature of interest	Direct Interest
Total no of securities after change
Direct (units)	20,000,000
Direct (%)	10.065
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Date of notice	02 May 2019
Date notice received by Listed Issuer	02 May 2019

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Date of change	13 May 2019
Name	DATO' SRI AMINUL ISLAM BIN ABDUL NOR
Age	52
Gender	Male
Nationality	Malaysia
Designation	Executive Director
Directorate	Executive
Type of change	Appointment

Qualifications

No	Qualifications	Major/Field of Study	Institute/University	Additional Information
1	Degree	Bachelor of Arts	University of Chittagong, Bangladesh

Working experience and occupation	Dato Sri Aminul Islam bin Abdul Nor is presently the President and Group CEO of JR Joint Resources Holdings Sdn Bhd ('JR'), a company which mainly involves in outsourcing and employment services industry. He is also the Founder and Group President of Bestinet Sdn Bhd, a wholly-owned subsidiary of JR group and an award-winning IT company which specialises in the foreign workers centralised management system ('FWCMS').He is responsible in initiating the system to the government with a particular emphasis on the implementation and generating bridge between all stakeholders who are involve in the implementation of the FWCMS while making sure that every stakeholders and government agencies involved in the implementation are aware and recognise the progress of the implementation on the system.With more than 20 years of experience in being the managing director and chief executive officer of several companies, he is well-versed in project management, marketing, financial management, client retention, implementing policies, cost control and others.  Besides that, he has also led worldwide teams comprised of more than 2,000 employees and managed P&L for business divisions exceeding RM400.0 million revenue.
Directorships in public companies and listed issuers (if any)	Nil
Family relationship with any director and/or major shareholder of the listed issuer	Nil
Any conflict of interests that he/she has with the listed issuer	Nil
Details of any interest in the securities of the listed issuer or its subsidiaries	11,950,000 irredeemable convertible preference shares ('ICPS') - Direct interest59,650,000 ordinary shares and 197,450,400 ICPS - Deemed interested by virtue of his shareholdings in Greenfield Hills Sdn. Bhd. pursuant to Section 8 of the Companies Act 2016.

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2019	31 Mar 2018	31 Mar 2019	31 Mar 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	2,717	3,721	7,802	8,980
2	Profit/(loss) before tax	-1,468	-2,236	-4,540	-3,775
3	Profit/(loss) for the period	-1,495	-2,263	-4,562	-3,770
4	Profit/(loss) attributable to ordinary equity holders of the parent	-1,495	-2,263	-4,562	-3,770
5	Basic earnings/(loss) per share (Subunit)	-0.75	-1.15	-2.30	-2.03
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.4922		0.5151

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DWL RESOURCES BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Conversion of Preference Shares
Details of corporate proposal	Conversion of Irredeemable Convertible Preference Shares
No. of shares issued under this corporate proposal	5,853,000
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.6000
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units	213,844,600
Issued Share Capital ($$)	Malaysian Ringgit (MYR) 108,580,518.580
Listing Date	03 Jun 2019

icy97

icy97 发表于 15-4-2019 06:59 AM
http://www.bursamalaysia.com/market/listed-companies/company-announcements/6116333

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	DWL RESOURCES BERHAD (FORMERLY KNOWN AS SPRING GALLERY BERHAD) ('DWL' OR THE 'COMPANY') AND ITS SUBSIDIARIES ('DWL GROUP') - DISPOSAL OF THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL IN SAMA RESTU SDN. BHD. ('SRSB') BY ASIAN POTTERY (PENANG) SDN. BHD. ('APPSB'), A WHOLLY-OWNED SUBSIDIARY OF DWL
We refer to our announcement made on 4 April 2019 ('Announcement'), unless otherwise defined, the definitions set out in the Announcement shall apply herein. The Board wishes to announce that the Disposal has been completed on 28 June 2019 following the settlement of Disposal Consideration and the Principal Indebtedness amounting to RM750,000.00 and RM6,500,000.00 respectively by the Purchasers. In consequence thereof, SRSB has ceased to be a wholly-owned subsidiary of APPSB and DWL on even date. This announcement is dated 28 June 2019.

icy97

Type	Announcement
Subject	OTHERS
Description	DWL RESOURCES BERHAD (FORMERLY KNOWN AS SPRING GALLERY BERHAD) ('DWL' OR THE 'COMPANY') AND ITS SUBSIDIARIES ('DWL GROUP' OR 'GROUP') - PRE-BID CONSORTIUM AGREEMENT BETWEEN MILLION RICH DEVELOPMENT SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF DWL AND PESTECH TECHNOLOGY SDN. BHD.
The Board of Directors of DWL ('Board') wishes to announce that Million Rich Development Sdn. Bhd. (Company No.: 1207291-T) ('MRDSB'), a wholly-owned subsidiary of DWL, had on 28 June 2019 entered into a Pre-Bid Consortium Agreement ('Agreement') with Pestech Technology Sdn. Bhd. (Company No. 1075814-X) ('PTSB') (MRDSB and PTSB shall hereinafter be collectively referred to as the 'Parties' and individually referred to as a 'Party'). The Parties are desirous to jointly work together and form an unincorporated consortium to submit bid(s) for transportation infrastructure projects ('Projects') to the project owners and/or main contractors of the Projects and if successful, jointly undertaking a contract for the Projects (‘the Contract’). Please refer to the attachment for the details of the announcement. This announcement is dated 28 June 2019.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6208345

Attachments Attachment - Announcement Pre-Bid Consortium Agreement (DWL-Pestech).pdf

icy97

Type	Announcement
Subject	OTHERS
Description	DWL RESOURCES BERHAD (FORMERLY KNOWN AS SPRING GALLERY BERHAD) ('DWL' OR THE 'COMPANY') AND ITS SUBSIDIARIES ('DWL GROUP') CONCEPT MASTERPLAN AGREEMENT BETWEEN MILLION RICH DEVELOPMENT SDN. BHD. ('MRDSB'), A WHOLLY-OWNED SUBSIDIARY OF DWL AND TITANIUM HALLMARK SDN. BHD. ('THSB') (AS SUPPLEMENTED BY THE SUPPLEMENTAL AGREEMENT DATED 15 DECEMBER 2017 AND THE LETTERS OF EXTENSION DATED 14 SEPTEMBER 2018 AND 14 MARCH 2019) ('CMPA')
We refer to our announcements made on 27 July 2017, 15 December 2017, 14 September 2018, 14 December 2018, 14 March 2019 and 12 June 2019 ('Announcements'), unless otherwise defined, the definitions set out in the Announcements shall apply herein. Further to the Announcements, the Board wishes to announce that MRDSB had on 29 July 2019 entered into a Letter of Termination with THSB (MRDSB and THSB shall hereinafter be collectively referred to as the 'Parties' and individually referred to as a 'Party') and the Parties have mutually agreed to terminate the CMPA ('Termination'). Please refer to the attachment for the details of the announcement. This announcement is dated 29 July 2019.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6238821

Attachments DWL - Announcement (Mutual Termination of CMPA with THSB) - 29.07.2019.pdf

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DWL RESOURCES BERHAD

Date of change	02 Aug 2019
Name	DATO' RATHAKRISHNAN A/L VELLAISAMY
Age	60
Gender	Male
Nationality	Malaysia
Designation	Executive Director
Directorate	Executive
Type of change	Appointment

Qualifications

No	Qualifications	Major/Field of Study	Institute/University	Additional Information
1	Masters	Master of Business Administration in Finance	University of Hull, U.K.
2	Masters	Master of Advanced Business Practice	University of South Australia
3	Degree	Business, Management and Information Technology	University of Science Malaysia (USM)

Working experience and occupation

Dato' Rathakrishnan a/l Vellaisamy ("Dato' Ratha") started his career as an internal auditor in University of Science Malaysia and later joined the Ministry of Human Resources, Malaysia serving in the Administrative and Diplomatic Service. He later worked with a multinational international manufacturing company (Sony) which employed over 20,000 staff, for around 20 years and was its Deputy President when he left in 2009.Currently, Dato' Ratha is the Managing Director of Bestinet Sdn Bhd where he oversees and manages the day-to-day operations of the company which specialises in migrant workers solutions. He also played a key role in helping to grow and expand the company to its success today. Dato' Ratha also sat on various Committees in the Malaysian International Chamber of Commerce and Industry, Federation of Malaysian Manufacturers and Japanese Chamber of Commerce, Trade and Industry over his career.

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Type	Announcement
Subject	OTHERS
Description	DWL RESOURCES BERHAD (FORMERLY KNOWN AS SPRING GALLERY BERHAD) ('DWL' OR 'THE COMPANY') AND ITS SUBSIDIARIES ('DWL GROUP')INCORPORATION OF NEW SUBSIDIARY
The Board of Directors of DWL wishes to announce that the Company had on today incorporated a new wholly-owned subsidiary, namely DWL Technologies Sdn Bhd (“DTSB”). DTSB is incorporated in Malaysia on 6 August 2019 under the Companies Act, 2016 with an issued and paid-up share capital of RM100 divided into 100 ordinary shares and it is 100% owned by DWL. The Directors of DTSB are Dato’ Sri Aminul Islam Bin Abdul Nor and Dato’ Rathakrishnan A/L Vellaisamy. DTSB is incorporated for the purpose to engage in the business of providing ICT solutions including technology-based security, cross-border technology and management system solutions. DTSB will leverage on the experience, expertise and network of the Directors of DTSB to bid for related projects from government, public and private sectors in the near future. Presently, DWL Group is principally involved in the business of retail, trading, manufacturing, exporting and marketing of pottery, porcelain products, ceramics wares and ornaments, property construction and its related businesses, property investment, property development and other related services. Should DTSB be awarded the ICT related projects, the Company will make the necessary announcement and/or seek the approval from its shareholders for the diversification of its business activities into ICT business once the Company foresees ICT business to potentially contribute at least 25% or more of the net profits of DWL Group and/or diversion of 25% or more of DWL Group’s net assets. The incorporation of DTSB is not expected to have any immediate material effect on the earnings or net assets of DWL Group. However, should DTSB be awarded the ICT related projects, the Board believes that the projects would contribute positively to DWL Group’s future earnings and improve DWL Group’s financial position. The additional revenue contribution from the related projects is expected to enhance DWL Group’s profitability and returns on shareholders’ funds. None of the directors, major shareholders of DWL and/or persons connected with them have any interest, whether direct or indirect, in the incorporation of DTSB, save except through DWL. This announcement is dated 6 August 2019.