We wish to announce that pursuant to Chapter 9, Paragraph 9.19(23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Sunway Ventures Sdn Bhd (formerly known as Sunway Development Sdn Bhd), a wholly-owned subsidiary of Sunway Holdings Sdn Bhd which in turn is a wholly-owned subsidiary of the Company, has on 14 March 2016, acquired two (2) ordinary shares of RM1/- each, representing 100% of the total issued and paid-up share capital of Sunway Ordera Sdn Bhd (“SOSB”) for a total cash consideration of RM2/-: 

SOSB was incorporated on 4 March 2016 and its authorised and paid-up share capital are RM400,000/- and RM2/- respectively. SOSB is presently dormant and its intended principal activities are trading and selling of products and services through online and offline channels.

None of the directors or substantial shareholders of Sunway or persons connected with them has any interest, direct or indirect in the aforesaid acquisition.

This announcement is dated 14 March 2016.