1. Sunway REIT Management Sdn Bhd (the “Company” or “Manager”), being the Manager of Sunway Real Estate Investment Trust (“Sunway REIT”) is responsible for the strategic direction and the conduct of assets as well as the oversight of the overall performance of Sunway REIT.

    The Manager holds a Capital Market and Services License (“CMSL”) issued by the Securities Commission Malaysia (“Securities Commission”) for the regulated activity of fund management in relation to asset management. As a CMSL holder, the Company must:

    • remain fit and proper at all times as required by the Capital Markets and Services Act 2007 (“CMSA”); and

    • comply with all relevant requirements, legislations, securities laws, its regulations and guidelines.

    The Board of Directors (the “Board”) of the Company regards corporate governance as vitally important to the success of the Company and Sunway REIT’s business, and is unreservedly committed to applying the principles necessary to ensure that the following principles of good governance is practised in all of its business dealings in respect of its shareholders, unitholders of Sunway REIT and relevant stakeholders:

    • the Board is the focal point of the corporate governance system. It is ultimately accountable and responsible for the performance and affairs of the Company and Sunway REIT;

    • all Board members are expected to act in a professional manner, thereby upholding the core values of integrity and enterprise with due regard to their fiduciary duties and responsibilities;

    • all Board members are responsible for achieving a high level of good governance; and

    • this Board Charter shall constitute, and form, an integral part of each Director’s duties and responsibilities.