The Board of Directors of Sunsuria (“Board”) wishes to announce that its 85%-owned indirect subsidiary, Sunsuria City Amenities Sdn Bhd (“SCASB”) had on 19 April 2019 entered into a Shares Subscription and Shareholders’ Agreement (“Agreement”) with Tan Hong Thai (“THT”) and Cloudcubes Sdn Bhd (“CSB”), which in turn is a wholly-owned subsidiary of SCASB, for SCASB and THT to acquire interest by way of subscription of shares in CSB, the identified joint venture vehicle, and to regulate their relationship as shareholders in CSB, which shall carry out food and beverages business activities (“Business”) (“Proposed Joint Venture”).

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

This announcement is dated 19 April 2019.