February 2, 2023
Dear all,Company name:

SUNCORPORATIONName of representative: Ryusuke Utsumi,
CEO(Code No. 6736 TSE Standard)Contact:

Yoshimi Kimura,Senior Managing Director(Tel 052-756-5981)

Notice on the Completion of the Acquisition of Shares in EKTech Holdings Sdn. Bhd.
(Conversion into our Consolidated Subsidiary)

The Company hereby announces that it has completed the acquisition of shares in EKTech Holdings
Sdn. Bhd. ("EKTech"), as announced on December 23, 2022 in the "Notice of Acquisition of Shares
in EKTech Holdings Sdn. Bhd. (Conversion into our Consolidated Subsidiary)". Although this matterdoes not meet the criteria for timely disclosure, it is voluntarily disclosed as the Company considers
it to be valuable information.
1. Reasons for the acquisition of shares
EKTech is a holding company established on June 24, 2011 with three subsidiaries, EKTech
Communications Sdn. Bhd. ("ECS"), EKTech Systems Engineering Sdn. Bhd. ("ESE") and EKTech
Eureka MSC Sdn. ("EEM").
Since its establishment in March 2002, ECS has been in the business of providing secure enterprise
wireless communication systems using mobile phone technology to blue-chip general businesscompanies in Malaysia, as well as supporting the connection of peripheral devices connected towireless routers, and EEM, established in June 2016, has been providing these 24-hour monitoring
services for network systems. This business accounts for 80% of the EKTech Group's sales and ishighly trusted by customers.
ESE was established in June 2011 and is engaged in the system integration business, handlingsecurity products such as surveillance cameras and firewalls.
For our group, the services provided by the EKTech Group are expected to generate synergies with
our new IoT/M2M business, as well as provide new value in line with the spread of 5G by utilising ourtechnical support and management resources, and also provide us with a platform for business in theASEAN region, where future development is expected. The decision to acquire all shares in EKTech
was based on the judgment that it would contribute to the expansion of our business and increase
our group's business value by securing a business base in the ASEAN region, which is expected todevelop in the future.

２．Overview of subsidiaries and sub-subsidiaries to be transferred（１）

Name（２）

Location（３）

Name and Title ofRepresentative（４）

Business Activities（５）

Capital（６）Date of Establishment

（７）

（８）
（９）

Major Shareholders andShareholdering Ratio

Holding Company
10,000 RM（Malaysian Ringgit）
June 24, 2011
Teoh Eng Kee : 83.5%
CAS Ventures Sdn Bhd : 12.5%
Chuah Chong Cheah : 4%

the SUNCORPORATION

Human Relations

No relevant information

Group

Business Relations

No relevant information

Operating results of theRevenue: RM40,000（２）Location
Name and Title ofRepresentative（４）Business Activities（５）

Capital（６）Date of Establishment
Major Shareholders andShareholdering Ratio
Relationship with
the SUNCORPORATIONGroup（９）

Teoh Eng Kee

No relevant information

Name

（８）

Science Park 1, Kota Damansara, Petaling Jaya, 47810 Selangor

Capital Relations

（１）

（７）

No. 12A Jalan Teknologi 3/3A, Surian Industrial Park, Selangor

Relationship withcompany concerned（３）

EKTech Holdings Sdn. Bhd.

Operating results of thecompany concerned

Current benefit before tax: RM-21,799 (Dec. 2021 period)

Ektech Communications Sdn. Bhd.
No. 12A Jalan Teknologi 3/3A, Surian Industrial Park, Selangor
Science Park 1, Kota Damansara, Petaling Jaya, 47810 Selangor.
Teoh Eng Kee
Provisionoftelecommunications

andtechnology-related

services and sale of related products
750,000 RM（Malaysian Ringgit）
4th March, 2002
EKTech Holdings Sdn. Bhd. : 100%
Capital Relations

No relevant information

Human Relations

No relevant information

BusinessRelations

No relevant information

Revenue: RM11,373,723
Current benefit before tax: RM1,253,045 (Dec.2021 period)（１）Name（２）

Location（３）

Name and Title ofRepresentative（４）

Business Activities（５）

Capital（６）Date of Establishment

Ektech Systems Engineering Sdn. Bhd.
No. 12A Jalan Teknologi 3/3A, Surian Industrial Park, Selangor
Science Park 1, Kota Damansara, Petaling Jaya, 47810 Selangor.
Teoh Eng Kee
System integration and system solutions
300,000 RM（Malaysian Ringgit）
22nd June, 2011

Major Shareholders（７）

and Shareholdering

EKTech Holdings Sdn. Bhd. : 100%Ratio（８）（９）

Relationship with

Capital Relations

No relevant information

the SUNCORPORATION

Human Relations

No relevant information

Group

Business Relations

No relevant information

Operating results of thecompany concerned

（１）

Name

（２）

Location（３）

Name and Title ofRepresentative（４）

Business Activities（５）

Capital（６）Date of Establishment

Revenue: RM4,163,228
Current profit before tax: RM-363,347 (Dec.2021 period)

Ektech Eureka MSC Sdn. Bhd.
No. 12A Jalan Teknologi 3/3A, Surian Industrial Park, Selangor
Science Park 1, Kota Damansara, Petaling Jaya, 47810 Selangor
Teoh Eng Kee
ICT solutions-related service providers and management
100,000 RM（Malaysian Ringgit）
28th June, 2016

Major Shareholders（７）and Shareholdering

EKTech Holdings Sdn. Bhd. : 100%Ratio（８）（９）

Relationship with

Capital Relations

No relevant information

the SUNCORPORATION

Human Relations

No relevant information

Group

Business Relations

No relevant information

Operating results of thecompany concerned

Revenue:2,250,000 RM
Current profit before tax:293,617 RM (Dec.2021 period)

3. Outline of the counterparties of the share acquisition
The counterparties of the share acquisition are individuals (members of EKTech's management) anddetails are not to be disclosed. There are no capital, personal or business relationships between theshareholder and SUNCORPORATION that should be noted. The shareholders are also not relatedparties.

4. Number of shares acquired, acquisition price and status of shares held before and after theacquisition
(1)

(2)

(3)

Number of shares held
before the change

0 shares(Number of voting rights: 0)(Voting rights held: 0%)

Number of shares

10,000 sharesacquired(Number of voting rights: 10,000)

Number of shares held
after the change

10,000 shares(Number of voting rights: 10,000)(Voting rights ownership: 100%)

Note: The acquisition price was determined after discussions with the counterparties based on theresults of third-party due diligence, and was finally determined by a resolution of our directors as areasonable price.

5. Timeline
(1)
(2)
(3)

Date of the board
resolution
Date of the conclusion of
the contract
Date of the execution of
the share transfer

December 23, 2022
December 26, 2022
February 2, 2023

6. Future outlook
The impact of this share acquisition on our consolidated results for the current financial year (endingin March, 2023) is currently under scrutiny and will be disclosed as soon as there are matters to bedisclosed.