We refer to our announcement dated 8 February 2024 in relation to the establishment of the ASEAN Green SRI Sukuk Programme.

The Board of Directors of Sunway is pleased to announce that Sunway Velocity Three Sdn Bhd (formerly known as Tanda Warisan Sdn Bhd) (“Issuer”), a 60% owned subsidiary of Sunway City Sdn Bhd, which in turn is a wholly-owned subsidiary of Sunway, had on 6 June 2024 successfully made its first issuance of Islamic Medium Term Note (“ASEAN Green SRI Sukuk”) of RM65 million in nominal value (“Tranche 1 Series 1 ASEAN Green SRI Sukuk”) under the ASEAN Green SRI Sukuk Programme.

The proceeds raised from the issuance of the Tranche 1 Series 1 ASEAN Green SRI Sukuk shall be utilised by the Issuer to repay advances granted by Sunway Treasury Sdn Bhd to the Issuer whereby such advances were utilised to part finance the total project costs in relation to the development of the 3-block serviced apartments under the Sunway Velocity 3 project (as currently named) which shall be Shariah-compliant and in addition, such utilisation shall also comply with the guiding principles of the Issuer’s Sustainable Finance Framework, the Securities Commission Malaysia’s (“SC”) Sustainable and Responsible Investment Sukuk framework  pursuant to the Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework (first issued by the SC on 9 March 2015 and revised on 5 February 2024, as amended or substituted from time to time) and the ASEAN Green Bond Standards first issued by the ASEAN Capital Markets Forum in November 2017 and revised in October 2018 (as revised, amended and/or supplemented from time to time).

This announcement is dated 6 June 2024.