The Board of Directors of Sunsuria ("Board") wishes to announce that its wholly-owned subsidiary, Sunsuria Arena Sdn Bhd (“SASB”) had on 22 February 2019 entered into a Shares Subscription and Shareholders’ Agreement ("Agreement") with Deluxe Indulgence Sdn Bhd ("DISB"), Yap Soon Han ("YSH") and Sunsuria City Amenities Sdn Bhd (“SCASB”), which in turn is a wholly-owned subsidiary of SASB, to acquire interest by way of subscription of shares in SCASB, the identified joint venture vehicle, and to regulate their relationship as shareholders in SCASB, which shall carry out food and beverages business activities (“Proposed Joint Venture”).

Please refer to the attachment for further details on the Proposed Joint Venture.  

This announcement is dated 22 February 2019.