We refer to our announcements dated 1 August 2017, 17 August 2017 and 2 February 2018 in relation to the proposed acquisition of the following parcels of land by Sunway Supply Chain Enterprise Sdn Bhd, a subsidiary of Sunway from Premier Place Property Sdn Bhd (Company No. 1074765-V), a wholly-owned subsidiary of JAKS Resources Berhad (Company No. 585648-T) at a total purchase consideration of RM167,589,760/- (excluding Goods and Services Tax) (“Proposed Land Acquisition”):

1. 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;
2. 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;
3. 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; and
4. 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.

The Board of Directors of Sunway is pleased to announce that the Proposed Land Acquisition has been completed on 13 April 2018 in accordance with the terms and conditions of the Sale and Purchase Agreement dated 17 August 2017 and Supplemental Agreement dated 1 February 2018.

This announcement is dated 13 April 2018.