On behalf of the Board of Directors of Sunway, Maybank Investment Bank Berhad wishes to announce that it had, on behalf of Sunway, served a notice of conditional voluntary take-over offer (“Notice”) on the Board of Directors of IJM today to notify them of Sunway’s intention to undertake a conditional voluntary take-over offer to acquire all the Offer Shares at an offer price of RM3.15 per Offer Share ("Offer Price"), to be satisfied in the following manner:

1. in respect of 10% of the Offer Price, an amount equivalent to RM0.3150 in cash; and
2. in respect of 90% of the Offer Price, an amount equivalent to RM2.8350 in the form of new ordinary shares in Sunway at an issue price of RM5.65 each.

Please refer to the attached announcement and Notice for further details on the Proposed Offer.

This announcement is dated 12 January 2026.