The Board of Directors wishes to inform that in accordance to Clause 8A(7) of Sunway Berhad’s (the “Company” or “Sunway”) Constitution, 50% of the ICPS held by ICPS holders shall be automatically and mandatorily converted into new ordinary shares in Sunway (“New Sunway Shares”) on Monday, 2 December 2024, being the first mandatory conversion date at the conversion price of RM1.00 per ordinary share in Sunway (“First Mandatory Conversion”).

Subsequent to the First Mandatory Conversion, the number of the ICPS held by ICPS holders shall be correspondingly reduced and cancelled, and such number of New Sunway Shares will be allotted and issued to ICPS holders. If the First Mandatory Conversion results in a fractional entitlement to New Sunway Shares, such fractional entitlement shall be disregarded and no refund or credit, whether in the form of ICPS, cash or otherwise, shall be given for the disregarded fractional entitlement.

NO ACTION AND NO ADDITIONAL CASH PAYMENT ARE REQUIRED from ICPS holders for the First Mandatory Conversion

The important relevant dates and time of the First Mandatory Conversion are set out as follows:-

Last date and time for trading of ICPS	:	Thursday, 14 November 2024 at 5.00 p.m.
Date and time of suspension of trading of ICPS	:	Friday, 15 November 2024 at 9.00 a.m.
Book closure date and time	:	Monday, 25 November 2024 at 5.00 p.m.
Date and time of First Mandatory Conversion	:	Monday, 2 December 2024 at 5.00 p.m.