The Board of Directors of the Company wishes to announce that Sunsuria Gateway Sdn Bhd, a 99.99%-owned direct subsidiary of the Company, had on 20 July 2017 acquired the entire equity interest comprising of one (1) ordinary share in Goodwill Signature Sdn Bhd ("GSSB") for a cash consideration of RM1.00 only from Teng Mee Leng. Pursuant to the acquisition, GSSB shall become a wholly-owned indirect subsidiary of the Company.

GSSB was incorporated in Malaysia on 12 April 2017 with an issued and fully paid-up share capital of RM1.00. The intended principal activity of GSSB is property investment and development.

The aforesaid acquisition is not expected to have a material effect on the earnings or net assets of the Sunsuria Group for the financial year ending 30 September 2017.

​None of the Directors and/or major shareholders of the Company or any persons connected to them have any direct or indirect interest in the aforesaid acquisition.

This annnouncement is dated 20 July 2017.