We wish to announce that pursuant to Chapter 9, Paragraph 9.19(5) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Sunway City Sdn Bhd (“SunCity”), a wholly-owned subsidiary of the Company, has on 4 January 2018, acquired 2 ordinary shares, representing 100% of the total issued and paid-up share capital of Allson International Hotels & Resorts Sdn Bhd (“AIHR”) from Sunway Hospitality Holdings Limited (“SHHL”) for a total cash consideration of RM55/- (“Reorganisation Exercise”).

AIHR was incorporated on 21 August 2007 and its issued and paid-up share capital is RM2/- comprising 2 ordinary shares. AIHR is presently dormant.

SHHL was incorporated in British Virgin lslands on 23 March 1995 and its authorized and paid-up share capital are USD100,000/- and USD1,000 respectively. The principal activity of SHHL is investment holding. SHHL is a wholly-owned subsidiary of SunCity.

Upon completion of the Reorganisation Exercise, AIHR has become a direct subsidiary of SunCity.

The Reorganisation Exercise is not expected to have any effect on the issued and paid-up share capital of Sunway or Sunway’s substantial shareholders’ shareholdings or any material effect on the earnings, net assets or gearing of Sunway on a consolidated basis.

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

This announcement is dated 4 January 2017.