The Board of Directors of Sunsuria Berhad (“Sunsuria” or “the Company”) wishes to announce that Sunsuria Symphony Sdn. Bhd. (“SSSB” or “the Purchaser”), a wholly-owned subsidiary of the Company, had on 22 June 2023 entered into a Shares Sale and Purchase Agreement (“Shares SPA”) with Ong Thuan Bok (“OTB”) and Kho Weng Kooi (“KWK”) (OTB and KWS shall collectively referred to as “the Vendors”), for the proposed acquisition of 800,000 ordinary shares, representing 80% equity interest in Mayer Land Sdn. Bhd. (“MLSB”), for a total purchase consideration of RM800,000.00 (“Purchase Consideration”). Upon the completion of the Shares SPA on the Completion Date (as defined in the Shares SPA), the Vendors, the Purchaser and MLSB (collectively referred to as “the Parties”) shall proceed to execute a Shareholders’ Agreement (“SHA”) to govern the relationship of the Parties effective from (and inclusive of) the Completion Date of the Shares SPA (“Collaboration”).

Please refer to the attachment for further details in relation to the Collaboration.

This announcement is dated 22 June 2023.

Please refer attachment below.