We wish to announce that Mr Ong Pang Yen, Malaysian, aged 52, will be resigning as Joint Managing Director (“JMD”) of Property Development Division (“PDD”) of the Company with effect from 1 May 2015 as he will be joining Sunway Education Group Sdn Bhd (“SEG”) on even date. Upon his resignation, Ms Sarena Cheah Yean Tih, the existing JMD will be appointed as the Managing Director of PDD of Sunway.

Mr. Ong holds a Bachelor of Engineering (Honours) in Civil Engineering from University Malaya and LLB (Honours) from University of London. He has been with the Sunway Group for 22 years and has assumed a number of key roles including Chief Operating Officer for Property Development China and Managing Director for PDD - International. In May 2013, he was appointed as the Joint Managing Director of PDD, Malaysia/Singapore to assist in strengthening the property development team and was instrumental in the implementation and execution of several major initiatives. Sunway was adjudged the No 1 Property Developer in Malaysia last year by the Edge.

After having been in the construction and property industry for more than 30 years (8 years in Public Works Department and 22 years in Sunway), Mr. Ong had considered pursuing a whole new experience in the education industry and a window of opportunity within SEG came through. Mr Ong has always held the Jeffrey Cheah Foundation and SEG in high regards and is inspired to contribute towards its noble aims and aspirations.

Mr Ong’s directorship in public company is Malaysia South South Corporation Berhad. He has no family relationship with any director of Sunway and/or major shareholder of Sunway and no conlict of interest with Sunway Group.

Mr Ong currently holds 106,533 ordinary shares of RM1/- each in Sunway. Presently, his total balance options granted and vested to him under the Sunway’s Employees Share Option Scheme 2013/2019 (“ESOS”) are 1,200,000 options and 320,000 options respectively.

Ms Sarena Cheah, aged 40, graduated from University of Western Australia with a Bachelor of Commerce (Accounting and Finance) Degree in 1994. She also obtained a Master Degree in Business Administration from Melbourne Business School in 2001.

Ms Sarena Cheah has been with Sunway Group since 1995, starting her career in the Corporate Finance and Group Internal Audit divisions. In 2000, she left to pursue her Master Degree in Business Administration at Melbourne Business School. Upon her return, she joined the Education and Healthcare divisions as Business Development Manager. In 2003, she rejoined the Corporate Finance division to lead the asset-backed securitisation exercise for Sunway City Berhad. In 2006, she became the Sales & Marketing General Manager in the Property Development division before holding the position as the Director of Strategy & Corporate Development in 2009. Thereafter, she assumed the position as the Executive Director of Strategy & Corporate Development in August 2011. Effective 1 May 2013, she was appointed as Managing Director of Strategy & Corporate Development as well as Joint Managing Director of Property Development Division, Malaysia/Singapore.

Ms Sarena Cheah was appointed as an Executive Director in Sunway on 18 November 2010.

Her directorships in other public companies are SunREIT Capital Berhad, SunREIT Unrated Bond Berhad and Sunway Lagoon Club Berhad.