[Unless otherwise stated, all abbreviations used in this Announcement shall have the same meanings as defined in SunCon’s announcements dated 31 December 2022, 2 August 2023, 22 December 2023 and 10 June 2024 (“Previous Announcements”) in relation to the Contract]

We refer to the Previous Announcements in relation to the Contract.

SCSB has on 30 October 2024, accepted a sum of up to RM265 million as additional Tenant Improvement Works (“TIWs”) in respect of variation orders under the Contract. Including the previous TIW accepted by SCSB on 6 September 2024, the total TIWs accepted to date amounts to RM347 million.

With this award issued by Yellowwood under the Contract, the total contract amount has now increased from the original contract amount of approximately RM3.2 billion to RM3.5 billion.

The completion date for the Contract remains unchanged, with all phases of both the NTP Works and TIWs scheduled for completion by February 2026.

The award is expected to contribute positively to the revenue and earnings of SunCon Group for the financial year ending 31 December 2024 onwards.

None of the directors or major shareholders of SunCon or person connected with them has any interest, whether direct or indirect, in the award.

As of today, SunCon Group’s total outstanding order book stands at RM7.8 billion. The total new projects secured by SunCon Group this year including the abovementioned TIWs amounted to RM3.9 billion.

This announcement is dated 30 October 2024.