The Company wishes to announce that it has on 16 October 2020 received notifications that the following companies, both indirect wholly-owned subsidiaries of UEM Sunrise, were dissolved on 15 October 2020 by way of voluntary dissolution under the Business Corporations Act:
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No.
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Name of Companies
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Date/Place of Incorporation
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Principal activities prior to dissolution
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1.
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Canada Sunrise Developments (Richmond) Ltd.
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27 July 2004/ British Columbia, Canada
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Property investment and development
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2.
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UEM Sunrise (Canada) Development Ltd.
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30 December 2013/ British Columbia, Canada
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Real estate acquisition and development
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As a result of the dissolution, both Canada Sunrise Developments (Richmond) Ltd. and UEM Sunrise (Canada) Development Ltd. ceased to be indirect wholly-owned subsidiaries of UEM Sunrise.
The dissolution of Canada Sunrise Developments (Richmond) Ltd. and UEM Sunrise (Canada) Development Ltd. has no material effect on the earnings or net assets of UEM Sunrise Group for the financial year ending 31 December 2020.
This announcement is dated 16 October 2020.