The Board of Sunsuria wishes to announce that pursuant to Paragraph 9.19(5) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Sunsuria Arena Sdn Bhd ("SASB"), a wholly-owned subsidiary of the Company has on 20 August 2018 acquired the entire issued shares of Sunsuria City Amenities Sdn Bhd (formerly known as Sunsuria Oride Sdn Bhd) (“SCASB”) comprising one (1) ordinary share each from Sunsuria City Sdn Bhd (“SCSB”) and Sunsuria Gateway Sdn Bhd (“SGSB”), being subsidiaries of the Company for a total cash consideration sum of RM2.00 (Ringgit Malaysia Two) only (“Internal Reorganisation”), details as set out in the table below:

Note: *  SCSB is 50%-owned by SGSB and Sunsuria Symphony Sdn Bhd (“SSSB”) respectively. SGSB is 99.99%-owned by Sunsuria whilst SSSB is wholly-owned subsidiary of Sunsuria. 

Upon completion of the Internal Reorganisation, SCASB becomes a wholly-owned subsidiary of SASB, which in turn is a wholly-owned subsidiary of Sunsuria.

The Internal Reorganisation is undertaken to streamline the business segments and group structure of the Sunsuria Group.

The Internal Reorganisation will not have any material effect on the earnings per share, net assets, gearing, share capital and substantial shareholders’ shareholding of the Sunsuria Group for the financial year ending 30 September 2018.

The Internal Reorganisation is not subject to the approval of the shareholders of Sunsuria and/or other relevant authorities.

None of the Directors and/or major shareholders of Sunsuria or any persons connected to them have any direct or indirect interest in the Internal Reorganisation.

The Board, having considered all aspects of the Internal Reorganisation, is of the opinion that the Internal Reorganisation is in the best interest of the Company.

This announcement is dated 20 August 2018.