The Board of Directors of Sunway wishes to announce that Sunway Supply Chain Enterprise Sdn Bhd (“SSCE”), a wholly-owned subsidiary of Sunway Holdings Sdn Bhd which in turn is a wholly-owned subsidiary of Sunway, has on 31 July 2017, entered into an agreement (“Agreement”) with Premier Place Property Sdn Bhd (Company No. 1074765-V) (“PPP”), a wholly-owned subsidiary of JAKS Resources Berhad (Company No. 585648-T) whereby PPP and SSCE or its related corporation agree to execute a sale and purchase agreement (“SPA”) within 21 days from the date of the Agreement or such extended time period as the parties shall mutually agree in writing to acquire the following 4 parcels of freehold land totaling 5.988 hectares or 644,575.24 square feet for a total purchase consideration of RM167,589,760/- (excluding Goods and Services Tax) (“Proposed Land Acquisition”):

(i)    Geran Mukim 85 Lot 526, Tempat Sungei Penaga, Mukim Damansara, Daerah Petaling, Negeri Selangor measuring approximately 1.214 hectares or 130,673.87 square feet (“Land 1”);

(ii)    Geran Mukim 84 Lot 527, Tempat Sungei Penaga, Mukim Damansara, Daerah Petaling, Negeri Selangor measuring approximately 1.214 hectares or 130,673.87 square feet (“Land 2”);

(iii)   Geran Mukim 83 Lot 528, Tempat Sungei Penaga, Mukim Damansara, Daerah Petaling, Negeri Selangor measuring approximately 1.214 hectares or 130,673.87 square feet (“Land 3”); and

(iv)   Geran Mukim 319 Lot 62506 Tempat Sungei Penaga, Pekan Subang Jaya, Daerah Petaling, Negeri Selangor measuring approximately 2.346 hectares or 252,553.63 square feet (“Land 4”).

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

This announcement is dated 1 August 2017.