The Board wishes to announce that  Sunway City Sdn Bhd (“SunCity”), a wholly-owned subsidiary of Sunway, had on 5 May 2021, entered into a Share Purchase Agreement with Sunway Healthcare Holdings Sdn Bhd (“SHH”), a wholly-owned subsidiary of SunCity for the disposal of its entire equity interests in the companies stated in the attachment to SHH for a total consideration of RM683,362,834.00, to be fully satisfied by the allotment and issuance of 489,269,588 ordinary shares at an issue price of RM1.3967 per share in the share capital of SHH to SunCity (“Reorganisation Exercise”).

Please refer to the attachment below for further details of the Reorganisation Exercise.

This announcement is dated 6 May 2021.