The Board of Directors of Sunsuria (“Board”) wishes to announce that the Company had on 27 April 2019 entered into a Strategic Cooperation Agreement  (“Agreement”) with IAT (the Company and IAT to be collectively referred to as “the Parties”)  to foster cooperation with each other on the basis of mutual rights and obligations regarding potential establishment of an ASEAN Automotive Design and Innovation Center (“AADIC”), which focuses on expansion and operations in Malaysia and South East Asia.

Please refer to the attachment for further details on the Agreement.   

This announcement is dated 29 April 2019.