(Unless otherwise defined, defined terms used in this announcement shall carry the same meanings as defined in the previous announcements in relation to the Special Issue)

On behalf of the Board of Directors of Sunview (“Board”), Alliance Islamic Bank Berhad (“AIS”) wishes to announce that the SC had vide its letter dated 16 October 2024 (which was received on 21 October 2024) informed that Sunview is deemed to have complied with the Bumiputera Equity Condition after taking note of the following:

(i) On 21 June 2024, the Ministry of Investment, Trade and Industry (“MITI”) had informed AIS that it had allocated 27,101,600 Special Issue Shares to its Bumiputera investors whilst the remaining 46,448,400 Special Issue Shares may be reallocated by AIS to other MITI investors. In addition, MITI also stated that it had exhausted all avenues to allocate the Special Issue Shares in order to assist Sunview in complying with the Bumiputera Equity Condition;

(ii) On 27 June 2024, a total of RM3,697,575 was received from 80 Bumiputera investors approved by MITI for the subscription of 4,930,100 Special Issue Shares for the 1st tranche of the Special Issue;

(iii) On 12 July 2024, a total of 4,930,100 Special Issue Shares were listed and quoted on the ACE Market of Bursa Securities pursuant to the 1st tranche of the Special Issue;

(iv) On 12 September 2024, the Board had fixed the issue price for the 2nd tranche of the Special Issue at RM0.4624 per Special Issue Share;

(v) On 19 September 2024, a total of RM22,195,200 was received from five (5) Bumiputera investors approved by MITI for the subscription of 48,000,000 Special Issue Shares for the 2nd tranche of the Special Issue; and

(vi) On 25 September 2024, a total of 48,000,000 Special Issue Shares were listed and quoted on the ACE Market of Bursa Securities pursuant to the 2nd tranche of the Special Issue.

Therefore, the Special Issue is deemed completed.

This announcement is dated 21 October 2024.