Pursuant to Paragraph 9.19(23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Sunsuria wishes to announce that Sunsuria City Amenities Sdn Bhd, a wholly-owned subsidiary of Sunsuria Arena Sdn Bhd, which in turn is an indirect wholly-owned subsidiary of the Company, has on 5 November 2018, acquired 100% equity interest of Aspen Esplanade Sdn Bhd (“AESB”) comprising of one (1) ordinary share in AESB for a cash consideration of RM1.00. Upon completion of the said acquisition, AESB becomes an indirect wholly-owned subsidiary of the Company.

AESB was incorporated on 16 October 2018 as a private limited company under the Companies Act, 2016 with an issued share capital of one (1) ordinary share. AESB is currently a dormant company and has not commenced any business operation since the date of its incorporation. The intended principal activities of AESB will be in the business of investment holding, real property holding, and general trading.

The acquisition of AESB is not expected to have any material effect on the earnings or net assets of the Sunsuria and its subsidiaries for the financial year ending 30 September 2019.

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 above acquisition.

This announcement is dated 5 November 2018.