We refer to the Company's announcement dated 18 August 2020 ("Earlier Announcement") in relation to the Letter of Award dated 18 August 2020 ("Original Contract") issued by Sunway South Quay Sdn Bhd ("SSQ"), an indirect subsidiary of Sunway Berhad, which in turn is a major shareholder of SunCon, to Sunway Construction Sdn Bhd ("SCSB") for the Construction of Commercial Mixed Development with Carparks and Amenities at Parcel CP2, Jalan Lagoon Selatan, Sunway South Quay, Bandar Sunway, Selangor Darul Ehsan ("CP2 Project").

Further to the Earlier Announcement, SunCon wishes to inform that SSQ and SCSB (collectively, the "Parties") on 27 December 2021 entered into a supplemental agreement ("Supplemental Agreement") to amend certain terms and conditions of the Original Contract.

Pursuant to the Supplemental Agreement, the scope of works in the Original Contract of the CP2 Project has been revised and the Parties have agreed to the following salient amendments:

(a) The scope of works of the CP2 Project has changed and accordingly a new revised contract sum of RM755,716,963.26 has been agreed between the Parties; and

(b) The revised completion date of the CP2 Project will be 15 July 2024. 

This announcement is dated 27 December 2021.