The Board of Directors of Sunway wishes to announce that Daksina Harta Sdn Bhd (“Purchaser”), a subsidiary of Sunway, has on 1 August 2017, entered into a Sale and Purchase Agreement (“SPA”) with Concept Housing Development (M) Sdn Bhd (“Vendor”) for the acquisition of a freehold land held under Geran No. 47813, Lot No. 1, Mukim Kajang, Daerah Ulu Langat, Negeri Selangor measuring approximately 24,281.1 square metres (before taking into account/deducting the portion of the land that was compulsorily acquired by the relevant authority measuring 2,928 square metres) (“the Land”) together with a partially completed commercial complex comprising a 3-storey podium (3 units of office space) including 1 unit of Tenaga Nasional Berhad substation, a 20-storey office Block A (17 units of office space), a 12-storey office Block B (9 units of office space) and a 10-storey car park (“the Buildings”) free from encumbrances and with vacant possession for a total purchase consideration of RM63,000,000/- (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 1 August 2017.