We refer to our announcement dated 9 April 2015 in relation to the execution of the Share Sale Agreement (“SSA”) between Sunway Holdings Sdn Bhd (“SunHoldings”), a wholly-owned subsidiary of Sunway and the Vendors for the acquisition of 50,000 ordinary shares of RM1.00 each representing 100% of the equity interest in Pasir Mas Holdings Sdn Bhd ("Pasir Mas") for a total cash consideration of RM1,750,000/-.

The Board of Directors of Sunway wishes to announce that SunHoldings has on 2 February 2016, entered into a Supplemental Letter in respect of the SSA with the Vendors to record and effect the following variations and amendments to the SSA:-

(1) the Conditional Period be extended from 6 months from the date of the SSA to 12 months from the date of the SSA and thus, the Conditional Period will expire on 9 April 2016;

(2) SunHoldings consents to the increase in the issued and paid-up share capital of Pasir Mas to RM150,000 comprising 150,000 ordinary shares of RM1.00 each by the issuance of 100,000 ordinary shares of RM1.00 each as bonus shares by way of capitalisation of the retained profits to the Vendors in their shareholding proportion; and

(3) the Purchase Price remains unchanged.

This announcement is dated 2 February 2016