The Board of Directors of Sunway wishes to announce that Sunway Dimension Stones Sdn Bhd, (“SDSSB”), a wholly-owned subsidiary of Sunway Holdings Sdn Bhd which in turn is a wholly-owned subsidiary of Sunway, has on 19 February 2016, entered into a Sale and Purchase Agreement (“SPA”) with Tamura Electronics (M) Sdn Bhd (“Tamura”) for the acquisition of a freehold land held under H.S.(D) 79345, PT No. 4974, Mukim Damansara, Daerah Petaling, Negeri Selangor measuring approximately 210,790 square feet together with the buildings erected thereon (“the Property”) on an ‘as is where is’ basis free from all encumbrances and with vacant possession for a total purchase consideration of RM35,820,000/- (excluding Goods and Services Tax) (“Proposed Property Acquisition”).

Please refer to the attachment below for further details of the Proposed Property Acquisition.

This announcement is dated 19 February 2016.