The Board of Directors of Sunsuria (“Board”) wishes to announce that on 15 February 2018, Library Mall Development Sdn Bhd (“LMDSB”), its wholly-owned subsidiary, has entered into a Joint Development Agreement (“JDA” or “the Agreement”) with CI Medini Sdn Bhd (“Leaseowner”) whereby LMDSB via its wholly-owned subsidiary, Dreamsphere Sdn Bhd (“DSB”) and the Leaseowner shall jointly carry out and undertake the development of a 6-storey stratified multi-storey shops known as “Pusat Perdagangan ION Akses” (“Development”) on all that piece of freehold land known as Plot C17 held under PTD201442 (HSD559037) in the Mukim of Pulai in the District of Johor Bahru in the State of Johor Darul Ta’zim (“Land”) and the disposal of the individual parcels of stratified multi-storey shops within the Development.

Further details of the announcement is herein attached.

This announcement is dated 15 February 2018.