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 the Company has incorporated a new wholly-owned subsidiary, Sunsuria Esports Sdn Bhd (“Sunsuria Esports”) (“Incorporation”).

Currently, Sunsuria Esports has an issued share capital of one (1) ordinary share and the intended principal activity is to provide, operate and sustain an eco-system for Electronic Sports (“Esports”) including organising, managing, developing and promoting Esports tournaments and all areas of Esports. 

The Incorporation has no effect on the issued share capital and substantial shareholders’ shareholdings of Sunsuria and has no material effect on the earnings and net equity funds of the Sunsuria Group.

None of the Directors and major shareholders of Sunsuria and/or persons connected with them has any interest, direct or indirect, in the Incorporation.

This announcement is dated 30 May 2019.