On behalf of the Board of Directors of Sunsuria (“Board”), RHB Investment Bank Berhad (“RHB Investment Bank”) wishes to announce that the Company has, on 10 December 2025, entered into a conditional share sale and purchase agreement ("SSPA") with Suez Capital Sdn Bhd ("Suez Capital"), Scenic Starhill Sdn Bhd ("Scenic Starhill"), Yedor Holdings Sdn Bhd ("Yedor") and Yeoh Ah Tu (collectively referred to as the "Vendors") for the proposed acquisition by the Company of a total of 964,705 ordinary shares in KL City Gateway Sdn Bhd ("KLCG") ("KLCG Shares"), representing 41.00% equity interest in KLCG, from the Vendors for a total cash consideration of RM21,464,705 (“Purchase Consideration”) ("Proposed Acquisition").

As at 14 November 2025, being the latest practicable date prior to this announcement (“LPD”), Sunsuria owns 470,589 KLCG Shares in KLCG, representing 20.00% equity interest in KLCG. Upon completion of the Proposed Acquisition, the Company’s shareholding in KLCG will increase from 20.00% to 61.00%.

In conjunction with the Proposed Acquisition, the Company has also, on even date, entered into a shareholders’ agreement with Transworld Equity Sdn Bhd (“Transworld”) and Suez Capital, being the shareholders of the remaining 39.00% equity interest in KLCG to regulate their relationship, respective rights and obligations as shareholders of KLCG, upon completion of the Proposed Acquisition (“SHA 2025”).

A deed of revocation will be entered into between the Company, Suez Capital, Scenic Starhill, Transworld, Yedor, Yeoh Ah Tu and KLCG to revoke and rescind the shareholders’ agreement dated 15 November 2024 in relation to KLCG (“SHA 2024”) upon completion of the Proposed Acquisition.

Pursuant to the terms of the SHA 2025, the Company shall be obliged to, amongst others, undertake the proposed provision of additional financial assistance of up to RM387,000,000 to KLCG upon completion of the Proposed Acquisition ("Proposed Provision of Financial Assistance"). 

(The Proposed Acquisition and Proposed Provision of Financial Assistance are collectively referred to as the “Proposals”)

Further details of the Proposals are set out in the attachment below.

This announcement is dated 10 December 2025.