Reference is made to the Company’s announcements on 29 January 2024, 5 February 2024, 6 February 2024 and 26 April 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 20 June 2024 mutually agreed to enter into a Supplemental Agreement 2 (“SA2”) to the SPA dated 26 January 2024 (as amended by the Supplemental Agreement 1 dated 25 Apil 2024) (“SPA (as amended by SA1)”), to make the following variation to the SPA (as amended by SA1):-

(a) The parties hereto agree that upon the Vendor providing the Purchaser with documentary evidence, to the satisfaction of the Purchaser, demonstrating that the Vendor’s Holding Company has submitted to Bursa Securities the circular pertaining to the Vendor's Holding Company’s Members’ resolution in a general meeting, endorsing the sale of the Property from the Vendor to the Purchaser under the terms and conditions of the SPA (as amended by SA1) and SA2, the Stakeholder is hereby authorised to release an amount equivalent to RM10.0 million only from the Deposit held by the Stakeholder, as partial payment towards the Purchase Price, upon which the other provisions of the SPA (as amended by SA1) shall be modified accordingly, including but not limited to Clause 2(b)(ii) of the SPA (as amended by SA1) whereupon the Stakeholder shall hold and deal with the Remainder Deposit which amounts to the sum of RM11.5 million in the following manner:-

(i) Upon release of the said RM10.0 million to the Vendor, the Stakeholder shall deposit the Remainder Deposit in a profit-bearing deposit account;

(ii) Upon Unconditional Date, the Stakeholder is irrevocably authorised to release Remainder Deposit and the interest earned thereon to Sunway Leasing Sdn Bhd within 5 working days of the Unconditional Date towards partial settlement of the Vendor’s indebtedness; and

(iii) In the event that SA2 is terminated pursuant to the SPA (as amended by SA1), the Stakeholder is irrevocably authorised to refund the Remainder Deposit and the interest earned thereon up to the date of termination to the Purchaser.

Save as disclosed above, all other terms of the SPA (as amended by SA1) shall remain unchanged and are in full force and effect.

This announcement is dated 20 June 2024.