Unless otherwise stated, the abbreviations and definitions used in this announcement shall have the same meanings as those previously defined in the Company’s announcements dated 27 May 2020, 6 July 2020, 9 July 2020, 10 August 2020 and 2 September 2020 (“Announcements”) and the Circular to Shareholders of the Company dated 11 August 2020 (“Circular”) in relation to the Rights Issue of ICPS.

We refer to the Company’s Announcements and the Circular in relation to the Rights Issue of ICPS.

Following the EGM held on 2 September 2020 where the shareholders of Sunway had approved, amongst others, the Rights Issue of ICPS, Sunway had received requests from certain shareholders for the ICPS to be a Shariah compliant security to enable them to subscribe for their entitlements to the ICPS. In consideration of the shareholders’ requests, the Board has resolved to obtain the endorsement from the Shariah Advisory Council of the SC for the ICPS to be a Shariah compliant security (“Shariah Endorsement”).

In this regard, on 9 September 2020, RHB Investment Bank had submitted an application to the SC to seek for the Shariah Endorsement.

Please refer to the attachment below for further details.

This announcement is dated 9 September 2020.