Reference is made to the Company’s announcements on 29 January 2024, 5 February 2024 and 6 February 2024 (“Earlier Announcements”) in relation to the Proposed Disposal of a Seven-Storey Retail Shopping Centre known as "163 Retail Park" by D'Kiara Place Sdn Bhd, a wholly-owned subsidiary of the Company. Unless otherwise stated, defined terms in this announcement shall carry the same meanings as defined in the Earlier Announcements. 

The Board wishes to announce that D'Kiara Place Sdn Bhd and RHB Trustees Berhad (as trustee of Sunway REIT) had on 25 April 2024 mutually agreed to enter into a Supplemental Agreement to the SPA dated 26 January 2024, to amend the SPA by:-

a) extending the Conditional Period for an additional period of two (2) months, i.e. 26 June 2024, following the expiration of the Conditional Period or such further extended period or periods, as the Vendor and the Purchaser may mutually agree; and

b) formalizing and incorporating the Vendor’s undertaking to fulfil the Vendor’s Additional Obligations stated in the Supplemental Agreement (hereinafter referred to as the “Vendor’s Additional Obligations”) prior to the Purchaser’s obligation to remit the balance purchase price under the SPA to the stakeholders. Upon satisfaction of the Vendor’s Additional Obligations, the payment terms and conditions outlined in the SPA pertaining to the remittance of the balance purchase price shall be modified accordingly PROVIDED ALWAYS THAT there shall be no adjustment whatsoever of the Purchase Price as stipulated in the SPA.

Save as disclosed above, all other terms of the SPA remain unchanged and are in full force and effect.

This announcement is dated 26 April 2024.