We refer to the announcement dated 28 June 2017 in relation to the Proposed JV (“Announcement”). Unless otherwise stated, the definitions used herein shall have the same meanings as set out in the Announcement.

The Company wishes to announce that Citic Sunsuria Sdn Bhd (“CSSB”), the joint venture company for the Proposed JV, has been incorporated in Malaysia on 2 August 2017 with an initial share capital of 100 ordinary shares and had on the same date issued and allotted the said number of shares to Sunsuria Builders Sdn Bhd (formerly known as Goodwill Atlas Sdn Bhd) (“SBSB”) (a wholly-owned subsidiary of Sunsuria) and Citicc International Investment Ltd (“CITIC”) for cash consideration of RM1.00 per ordinary share. Following the allotment, the shareholders of CSSB are as follows:

Further to the above subscription of shares, CSSB is now 49%-owned by Sunsuria Group.

This announcement is dated 3 August 2017.