SUNZEN BIOTECH BERHAD - CESSATION OF BUSINESS OPERATIONS FOR ANIMAL HEALTH DIVISION

SUNZEN BIOTECH BERHAD ("THE COMPANY" OR "SUNZEN") - SUBSCRIPTION OF SHARES IN FARMERS INTERNATIONAL HOLDING SDN. BHD. BY ECOLITE BIOTECH MANUFACTURING SDN. BHD., A SEVENTY PERCENT (70%) OWNED SUBSIDIARY OF SUNZEN

SUNZEN BIOTECH BERHAD ("SUNZEN") PROPOSED ACQUISITIONS BY SUNZEN OF THE REMAINING 30% EQUITY INTEREST IN: (I) ECOLITE BIOTECH MANUFACTURING SDN BHD, A 70%-OWNED SUBSIDIARY OF SUNZEN FOR A PURCHASE CONSIDERATION OF RM18.00 MILLION; AND (II) YANMING RESOURCES SDN BHD, A 70%-OWNED SUBSIDIARY OF ECOLITE BIOTECH MANUFACTURING SDN BHD FOR A PURCHASE CONSIDERATION OF RM6.00 MILLION, TO BE SATISFIED BY WAY OF CASH AND ISSUANCE OF NEW SUNZEN SHARES COLLECTIVELY, THE "PROPOSED ACQUISITIONS"

SUNZEN BIOTECH BERHAD ("SUNZEN") PROPOSED ACQUISITIONS BY SUNZEN OF THE REMAINING 30% EQUITY INTEREST IN: - ECOLITE BIOTECH MANUFACTURING SDN BHD ("ECOLITE"), A 70% SUBSIDIARY OF SUNZEN, FOR A PURCHASE CONSIDERATION OF RM18,000,000; AND - YANMING RESOURCES SDN BHD, A 70% SUBSIDIARY OF ECOLITE, FOR A PURCHASE CONSIDERATION OF RM6,000,000, TO BE SATISFIED VIA THE ISSUANCE OF 73,220,338 NEW SUNZEN SHARES AT AN ISSUE PRICE OF RM0.295 PER SHARE (COLLECTIVELY, "PROPOSED ACQUISITIONS")