Sunway City Kuala Lumpur

Surging Ahead with the Flow of Opportunities ABOUT THIS REPORT SUNWAY CONSTRUCTION EXEMPLARY LEADERSHIP MANAGEMENT DISCUSSION AND ANALYSIS SUSTAINABILITY GOVERNANCE WITH INTEGRITY FINANCIALS SHAREHOLDINGS INFORMATION CORPORATE DIRECTORY

ABOUT THIS REPORT VISION MISSION

It is an honour to further extend our presence To be a leading regional construction and Innovating to deliver value underpins our throughout the ASEAN region and beyond. As our engineering group. relentless efforts to drive positive and sustainable esteemed stakeholder, you can rest assured that we change in the way we work and operate to create are establishing infrastructures that will enrich the Sunway Construction Group Berhad (SunCon) is value for all our stakeholders. communities in every country featured here. driven by a full range of integrated services which include building, civil engineering/infrastructural Unfazed when overcoming challenges, we continue works, foundation and geotechnical engineering, Building synergistic and sustainable relationship is to uphold our reputation as a sustainable builder. mechanical, electrical and plumbing services works, the bedrock of the company’s ethos of nurturing our That has always been the guiding principle of Sunway industrial building systems/precast components, people and developing meaningful relationships with Construction Group Berhad (“SunCon”). machinery and logistics, and renewable energy external parties including our business partners and services with design & build capabilities to provide customers towards achieving business objectives, We have prepared further details about SunCon’s while keeping the interests of our stakeholders. strategy, performance, figures and future prospects end-to-end construction solutions. in this 2019 report, especially for you. Here’s to past With a vision of becoming the region’s leading pure Achieving the highest standards in quality, glories, present achievements and future successes. play construction group, we constantly innovate environmental, safety and health, remains our May our relationship thrive in perpetuity. to deliver value, build synergistic and sustainable founding value that we uphold with great passion. relationships and achieve the highest standards of We make individual and collective efforts in aiming quality, safety and excellence. higher to achieve strategic business goals with a commitment to excellence.

CORE VALUES

INTEGRITY HUMILITY EXCELLENCE We believe in doing the right We believe in being humble. We take pride in all that we do. thing at all times. • We never stop learning • We strive to deliver Connect to more information online at • We conduct ourselves in • We care for and respect high quality products and www.sunwayconstruction.com.my an honest and trustworthy people and the environment services manner • We seek first to understand, • We continuously innovate • We act professionally, then to be understood and improve for greater ethically and honourably progress • We ensure our actions are • We seek to inspire others to consistent with our words excel

2 Surging Ahead with the Flow of Opportunities Sunway Construction Annual Report 2019 3 ABOUT THIS REPORT SUNWAY CONSTRUCTION EXEMPLARY LEADERSHIP MANAGEMENT DISCUSSION AND ANALYSIS SUSTAINABILITY GOVERNANCE WITH INTEGRITY FINANCIALS SHAREHOLDINGS INFORMATION CORPORATE DIRECTORY

CORPORATE INFORMATION FINANCIAL CALENDAR

BOARD OF DIRECTORS REGISTERED OFFICE ANNOUNCEMENT OF DIVIDENDS Independent Non-Executive Chairman Level 16, Menara Sunway QUARTERLY RESULTS 2019 Dato’ Ir Goh Chye Koon Jalan Lagoon Timur 1st Interim Dividend of 3.5 Sen Per Share , 47500 First interim single tier dividend of 3.5 sen per Senior Independent Non-Executive Director Darul Ehsan, 16 May 2019 Announcement of the unaudited consolidated ordinary share for the financial year ended 31 Dato’ Dr Ir Johari Bin Basri T (603) 5639 8889 December 2019 F (603) 5639 9507 results for the 1st quarter ended 31 March 2019 Independent Non-Executive Director 19 August 2019 Dato’ Siow Kim Lun SHARE REGISTRAR 19 August 2019 Announcement of the unaudited consolidated Announcement of the notice of entitlement and Dr Sarinder Kumari Sunway Management Sdn Bhd payment (Registration No. 197901006377 [50661-X]) results for the 2nd quarter ended 30 June 2019 Non-Independent Non-Executive Director Level 16, Menara Sunway Jalan Lagoon Timur 19 November 2019 13 September 2019 Dato’ Chew Chee Kin Date of entitlement Evan Cheah Yean Shin Bandar Sunway, 47500 Subang Jaya Announcement of the unaudited consolidated Selangor Darul Ehsan, Malaysia results for the 3rd quarter ended 30 September T (603) 5639 8889 2019 26 September 2019 Group Managing Director Date of payment Non-Independent Executive Director F (603) 5639 9507 Chung Soo Kiong 20 February 2020 AUDITORS Announcement of the unaudited consolidated (Alternate Director: Liew Kok Wing) nd BDO PLT (LLP0018825-LCA & AF0206) results for the 4th quarter ended 31 December 2019 2 Interim Dividend of 3.5 Sen Per Share Chartered Accountants Second interim single tier dividend of 3.5 sen per AUDIT COMMITTEE ordinary share for the financial year ended 31 Dato’ Siow Kim Lun (Chairman) December 2019 Dato’ Ir Goh Chye Koon SOLICITORS Dato’ Dr Ir Johari Bin Basri Azman Davidson & Co Dr Sarinder Kumari Wong Kian Kheong Harold & Lam Partnership 20 February 2020 Announcement of the notice of entitlement and NOMINATION AND payment REMUNERATION COMMITTEE PRINCIPAL BANKERS Dato’ Dr Ir Johari Bin Basri (Chairman) HSBC Bank Malaysia Berhad Standard Chartered Bank Malaysia Berhad 13 March 2020 Dato’ Ir Goh Chye Koon Date of entitlement Dato’ Siow Kim Lun STOCK EXCHANGE LISTING Dato’ Chew Chee Kin 8 April 2020 Dr Sarinder Kumari Main Market of Bursa Malaysia Securities Berhad Stock Name SUNCON Date of payment RISK MANAGEMENT COMMITTEE Stock Code 5263 Dr Sarinder Kumari (Chairperson) Shariah Compliant Dato’ Ir Goh Chye Koon Dato’ Siow Kim Lun WEBSITE ADDRESS Dato’ Dr Ir Johari Bin Basri W www.sunwayconstruction.com.my Evan Cheah Yean Shin E [email protected]

COMPANY SECRETARIES INVESTOR RELATIONS Tan Kim Aun (MAICSA 7002988) Ng Bee Lien Elaine Lai Soh Ke Yi (MAICSA 7060456) T (603) 5639 9645 T (603) 5639 9793 E [email protected] F (603) 5639 9530

4 Surging Ahead with the Flow of Opportunities Sunway Construction Annual Report 2019 5 ABOUT THIS REPORT SUNWAY CONSTRUCTION EXEMPLARY LEADERSHIP MANAGEMENT DISCUSSION AND ANALYSIS SUSTAINABILITY GOVERNANCE WITH INTEGRITY FINANCIALS SHAREHOLDINGS INFORMATION CORPORATE DIRECTORY

SUNCON AT A GLANCE 38 years of excellence Invested in Virtual Design & SunCon believes that delivering landmark projects adherence to our values, the core of which are Construction since 2010 with begins with a vision that eventually becomes reality Integrity, Humility and Excellence. These values are through passion and determination. With every the one driving our delivery. NO.1 pure play contractor RM31 MILLION invested to date construction project we undertake, we enrich the listed on Bursa Malaysia lives of people; fostering long-term progress and This annual report describes our responsibilities as a economic growth. sustainable builder, how we build our projects, and ST more importantly, how we are a socially responsible RM28 BILLION 1 Malaysian construction company Since 1981, we have undertaken more than organisation. Diagram below depicts SunCon’s turnover recorded to-date to be included in the FTSE4Good Index RM28 billion worth of projects across seven growth which can be categorised in 6 phases. countries. Our Group and culture are built on more than three decades of leadership and a relentless 2,204 including direct workers 2 precast plants at 3 86% male & 14% female 156,600 m capacity

Malaysia’s PRESENCE IN 7 COUNTRIES Largest Pure Play

Committing to Construction Growth Sustainability Current Company 2010 1997 to 2004 2015 to

Foundation International Cultivating 2005 1981 Years Expansion 2011 Infrastructure to 2009 to 1996 to 2014 Expertise INDIA MYANMAR UAE TAIWAN

TRINIDAD & TOBAGO MALAYSIA SINGAPORE

Building Civil/ Foundation and Construction Infrastructure Geotechnical Services Services Services

Mechanical, Manufacturing and Renewable Electrical and Sale of Precast Energy Services Plumbing Services Concrete Products

6 Surging Ahead with the Flow of Opportunities Sunway Construction Annual Report 2019 7 ABOUT THIS REPORT SUNWAY CONSTRUCTION EXEMPLARY LEADERSHIP MANAGEMENT DISCUSSION AND ANALYSIS SUSTAINABILITY GOVERNANCE WITH INTEGRITY FINANCIALS SHAREHOLDINGS INFORMATION CORPORATE DIRECTORY

CORPORATE PROFILE

Having built our reputation Enhancing on our expertise and Civil/ Infrastructure nationwide, we had then undertaken experience from constructing the international projects in Kajang SILK Highway and seven highways in India, we have Building continued to foster our proficiency Senai Plant in infrastructure projects by (50km from PPB) undertaking rail projects. We commenced operations Trinidad and Precast as Sungei Way Quarry & Taiwan Tobago Concrete Geotechnical Pulau Punggol Construction Sdn. Bhd. in Products Barat ("PPB") March 1981 with our first Iskandar Plant project being a carpark and road (50km from PPB) resurfacing works for a shoplot owned by Selangor Properties SG office Berhad in Bukit Damansara. India Singapore Renewable 20km from PPB MEP Subsequently, we undertook Energy smaller infrastructure projects, In 2018, our subsidiary, Sunway Concrete and grew our portfolio with Products (S) Pte. Ltd. together with Hong Leong residential and commercial Asia Ltd. won the bid for the lease of land for projects in Bandar Sunway. We are now an integrated construction service Group with capabilities to provide integrated the development of an Integrated Construction United Arab Emirates services and products across different phases and Prefabrication Hub (ICPH) from Building of construction, from design to completion. Our and Construction Authority of Singapore (BCA). gaining international exposure in provision of foundation and geotechnical The fully automated precast facility which will a short span of four years. engineering services; mechanical, electrical be operational in 2022, will further improve our and plumbing services; manufacturing and sale productivity as well as reduce the reliance on of precast concrete products; and renewable foreign workers. energy services complete our service offerings as an end-to-end total construction solutions STOCK MARKET provider. We are also supported by a large fleet of 4D construction machinery and equipment under the 3D machinery and logistics unit. In April 2019, we continued to expand our business in the ASEAN region by entering into On 12 June 1997, we listed 5D a Memorandum of Sungei Way Construction Sdn. 6D Understanding (MoU) Bhd. on the Main Board of the We were awarded our first with Capital Construction Kuala Lumpur Stock Exchange, rail project, the Kelana Jaya Limited, a member of which was then renamed Line Light Rail Transit (LRT) prominent Myanmar Myanmar as Sunway Construction In 2010, we implemented Virtual Extension in 2011. Since then conglomerate, Capital Berhad in 1999. The listing Design and Construction (VDC) we had been awarded the Diamond Star Group was an important milestone for in our operations and launched construction of Malaysia’s key rail (CDSG), to develop the Group, signifying a period our journey towards Total infrastructure projects, including major infrastructure and of growth, although we were Quality Management. We were part of the Mass construction projects subsequently privatised in the first in Malaysia to integrate (MRT) Line 1 and Line 2 Projects, in Myanmar. We are August 2004. During this time, VDC technology into our Malaysia’s first constantly on the lookout we established quality systems construction processes. SunCon (BRT) Sunway Line and Light Rail for opportunities to for health and safety standards now embraces 3D (design), 4D Transit (LRT) Line 3. In 2015, the re-listing of SunCon further enhanced expand our business while within the organisation. In 2003, (time), 5D (costing), 6D (facility Sunway’s brand recognition and visibility among remaining focused on we were awarded our first management) and latest 7D existing and potential customers, and will hopefully improving our productivity Builder of the Year award by the (green) for project life cycle propel us in winning more contracts locally and and efficiency to deliver Malaysian Construction Industry management to ensure seamless abroad. long-term shareholder Excellence Award, our first of transfer of information and data value. three. between project partners.

8 Surging Ahead with the Flow of Opportunities Sunway Construction Annual Report 2019 9 ABOUT THIS REPORT SUNWAY CONSTRUCTION EXEMPLARY LEADERSHIP MANAGEMENT DISCUSSION AND ANALYSIS SUSTAINABILITY GOVERNANCE WITH INTEGRITY FINANCIALS SHAREHOLDINGS INFORMATION CORPORATE DIRECTORY

PROJECT MILESTONES

CULTIVATING FOUNDATION INTERNATIONAL INTERNATIONAL COMMITTING TO GROWTH INFRASTRUCTURE YEARS EXPANSION EXPANSION SUSTAINABILITY EXPERTISE JUNE 1981 SEPTEMBER 1997 MARCH 2005 JUNE 2007 2010 OCTOBER 2011 Carpark and road resurfacing for Completed our first design & Completed our first iconic design Awarded our first public housing First construction company in First Light Rail Transit project - shoplot complex owned by Selangor build project utilising precast & build project - Kuala Lumpur development project with Singapore Malaysia to implement Virtual Design LRT Package B, Properties Bhd. in Bukit Damansara technology - Short Term Car Park, Convention Centre (RM549 million) Housing Development Board, and Construction (VDC) Extension (RM569 million) KLIA (RM171 million) City View at Boon Keng 1985 MAY 2005 (SGD23 million) DECEMBER 2011 Construction of Highway Centre, JUNE 1999 First venture into Trinidad & Tobago - Largest piling works by Sunway Completed our first medical centre - Ministry of Legal Affairs Tower Completed our first education Geotechnics - Sunway Velocity Sunway Medical Centre (TT369 million) institution - Monash University Phase 3 (RM291 million) Construction of Subang Interchange Malaysia Campus (RM119 million) from Federal Highway to JULY 1999 FEBRUARY 2012 Subang Jaya Completed our first international AUGUST 2007 Piling works by Sunway Geotechnics project - Provision of Construction Seventh and final project in India. - Sunway Velocity Mall (RM179 million) 1989 Management Services for The Cochin Port Connectivity Infrastructure works in Section 6, 11, Combined Cycle Power Plant Vallapadam, Cochin, India 12 and 13, Shah Alam (960 MW) Project, Hai-Fu, Taiwan

1981-1996 1997-2004 2005-2006 2007-2009 2010 2011-2014

31 JULY 1989 JUNE 2001 JULY 2005 (Rs330 crores) MAY 2010 JUNE 2012 Single-storey medium cost houses, First venture into India - Belgaum Simultaneous award by Asian SEPTEMBER 2007 Piling works for Sunway Pinnacle, First Mass Rapid Transit Line : Phase 1A, Bandar Sunway Bypass, for the National Highways Development Bank aided projects by Awarded Ministry of Housing and Bandar Sunway (RM88 million) Sungai Buloh - Kajang (SBK) Authority of India (Rs97.6 crores) National Highway Authority Local Government & Ministry of Package V4 from Section 17 Petaling 30 SEPTEMBER 1989 of India Women, Family and Community Jaya to Semantan Portal Construction of earlier abandoned 30 SEPTEMBER 2002 Development Building in Putrajaya (RM1.18 billion) Jetty and Public Amenities, Completed the Ministry of Finance East-West Corridor roadworks, (RM520 million) Kuah, Langkawi Building, our first government Rajasthan, India (Rs287 crores) MARCH 2013 building in Putrajaya (design & build) NOVEMBER 2008 Awarded Malaysia’s first elevated NOVEMBER 1991 (RM139 million) East-West Corridor roadworks, Awarded our single largest overseas Bus Rapid Transit - BRT Sunway Line Commenced construction of Uttar Pradesh, India (Rs415 crores) contract to date - Rihan Heights, (RM451 million) Menara Sunway, Sunway’s 11 JUNE 2004 Abu Dhabi (AED1.88 billion) corporate HQ Completed our first turnkey OCTOBER 2006 2014 (RM56 million for Phase 1 project - Kajang-SILK Highway First venture into the Middle East - Completed our first high-tech Precast division, Sunway Concrete and Phase 2) (RM1.05 billion) Al-Reem Island Development, manufacturing facility on a fast-track Products (S) Pte. Ltd. produced its Abu Dhabi, on a joint venture design & build approach - Spirit first 3D Precast Bathroom Units NOVEMBER 1992 with a Malaysian consortium Aerosystems Facility, (PBU) and had subsequently secured Completed the access road to (AED1.33 billion) Subang (RM120 million, 3 PBU projects in 2015 Pulau Lumut & South Connection, completed in 11 months) Port Klang OCTOBER 2014 JANUARY 1996 Awarded Mechanical, Electrical and Completed our first hotel Plumbing (MEP) works for Pasar Seni development - MRT Station, Kuala Lumpur Resort Hotel (RM161 million) (RM23 million)

NOVEMBER 1996 Completed our first mall development - Shopping and Convention Centre (RM209 million)

10 Surging Ahead with the Flow of Opportunities Sunway Construction Annual Report 2019 11 ABOUT THIS REPORT SUNWAY CONSTRUCTION EXEMPLARY LEADERSHIP MANAGEMENT DISCUSSION AND ANALYSIS SUSTAINABILITY GOVERNANCE WITH INTEGRITY FINANCIALS SHAREHOLDINGS INFORMATION CORPORATE DIRECTORY

PROJECT MILESTONES (CONT’D)

MALAYSIA’S LARGEST PURE PLAY CONSTRUCTION COMPANY FEBRUARY 2018 Awarded Extension of APRIL 2016 Sunway Carnival Mall, MAY 2018 Awarded Mass Rapid Transit Penang (RM286 million) Awarded Piling Works for Line 2: Sungai Buloh - TNB HQ Campus Development Serdang-Putrajaya (SSP) (RM23 million) Package V201 from Sungai Buloh to Persiaran Dagang OCTOBER 2017 (RM1.2 billion) NOVEMBER 2017 Second Light Rail Transit Awarded Nippon Express JUNE 2015 project and largest local Completion of first Warehouse Joint Venture project to date, Package elevated Bus Rapid Transit - between Taisei - Sunway GS07&08 for Light Rail BRT Sunway Line (RM451 million) (RM140 million) Transit Line 3 from Bandar MAY 2017 Utama to Johan Setia FEBRUARY 2018 AUGUST 2018 Completed Sunway (RM2.2 billion) Awarded Awarded Sunway Medical Centre Tower C Sunway Velocity GEOLake Residences (RM163 million) Medical Centre at Sunway South Quay (RM135 million) (RM223 million)

2015 2016 2017 2018

DECEMBER 2016 Completed SEPTEMBER 2017 DECEMBER 2017 JULY 2018 Awarded first east coast Sunway Velocity Mall, Opening of Coastal Awarded the development of project at Kelantan - PPA1M Kuala Lumpur Highway Southern Integrated Construction and apartment (RM582 million) (RM330 million) Link (RM193 million) Prefabricated Hub (“ICPH”) at Pulau Punggol Barat, Singapore

SEPTEMBER 2017 NOVEMBER APRIL 2018 AUGUST 2018 Completion of 2017 Awarded Sunway Completion of Sunway Velocity Hotel, Completion of Medical Centre International School Kuala Lumpur (RM73 million) Sunway Citrine Seberang Jaya, Penang of Kuala Lumpur at Iskandar (RM180 million) (RM283 million) (RM217 million)

12 Surging Ahead with the Flow of Opportunities Sunway Construction Annual Report 2019 13 ABOUT THIS REPORT SUNWAY CONSTRUCTION EXEMPLARY LEADERSHIP MANAGEMENT DISCUSSION AND ANALYSIS SUSTAINABILITY GOVERNANCE WITH INTEGRITY FINANCIALS SHAREHOLDINGS INFORMATION CORPORATE DIRECTORY

PROJECT MILESTONES (CONT’D)

MARCH 2019 Piling Works by Sunway Geotechnics - Transit NOVEMBER 2018 Oriented Development, Plot Awarded 7MD7, Putrajaya (RM39 million) JUNE 2019 NOVEMBER 2019 Sunway Velocity 3C4, Awarded Petronas Awarded MEP works for Kuala Lumpur Piling works by Sunway Leadership Centre, Bangi MRT UG Sentul West (RM100 million) Geotechnics - LRT3 GS10 (RM310 million) Station (RM56 million) (RM48 million)

AUGUST 2019 Completion of SEPTEMBER 2018 FEBRUARY 2019 APRIL 2019 Sunway Velocity Awarded Sunway Serene, Awarded TNB HQ Campus, Completion of Medical Centre, Kelana Jaya (RM342 million) Kuala Lumpur (RM781 million) Parcel F, Putrajaya (RM1.6 billion) Kuala Lumpur (RM155 million)

2019

NOVEMBER 2018 MARCH 2019 JUNE 2019 Awarded Awarded Awarded electrical works for Sunway Velocity Two, Big Box Hotel, Johor Oxley Tower, Kuala Lumpur Kuala Lumpur (RM100 million) (RM67 million) (RM352 million)

SEPTEMBER 2018 MAY 2019 OCTOBER 2019 Completed 1st Top Down MARCH 2019 Awarded Piling Awarded Air-Conditioning Construction project - Completion of works for CP2 and Mechanical Ventilation KLCC Mixed Commercial Gas District Cooling Mixed Development, and Thermal Energy storage Development (North East Plant 1, Putrajaya Bandar Sunway works for IOI City Mall, Carpark), Phase 1 & 2 (RM152 million) (RM119 million) Putrajaya (RM68 million) (RM646 million)

14 Surging Ahead with the Flow of Opportunities Sunway Construction Annual Report 2019 15 ABOUT THIS REPORT SUNWAY CONSTRUCTION EXEMPLARY LEADERSHIP MANAGEMENT DISCUSSION AND ANALYSIS SUSTAINABILITY GOVERNANCE WITH INTEGRITY FINANCIALS SHAREHOLDINGS INFORMATION CORPORATE DIRECTORY

5-YEAR FINANCIAL HIGHLIGHTS

PROFIT AFTER TAX AND REVENUE PROFIT BEFORE TAX MINORITY INTEREST RM'MILLION RM'MILLION RM'MILLION

183 2,257 169 2,076 154 157 1,917 141 145 1,789 132 129 127 1,769 124

2015 2016 2017 2018 2019 2015 2016 2017* 2018 2019 2015 2016 2017* 2018 2019

OUTSTANDING ORDER BOOK NEW ORDER BOOK SECURED RM'MILLION RM'MILLION

6,135 TNB HQ Campus, Bangsar 5,219 5,231 4,780 3,957

3,778 2,601 2,656 1,553 1,772

2015 2016 2017 2018 2019 2015 2016 2017 2018 2019

EARNINGS PER SHARE STAFF PRODUCTIVITY SEN TIMES

13

12 12 11.18 11 10 10.24 9.84 10.02 9.55

2015 2016 2017* 2018 2019 2015 2016 2017 2018 2019

* Restated MRT Line 2 Package S201 : Damansara Damai Station

16 Surging Ahead with the Flow of Opportunities Sunway Construction Annual Report 2019 17 ABOUT THIS REPORT SUNWAY CONSTRUCTION EXEMPLARY LEADERSHIP MANAGEMENT DISCUSSION AND ANALYSIS SUSTAINABILITY GOVERNANCE WITH INTEGRITY FINANCIALS SHAREHOLDINGS INFORMATION CORPORATE DIRECTORY

CONTENTS 03 VISION AND MISSION 08 CORPORATE PROFILE 04 CORPORATE INFORMATION 10 PROJECT MILESTONES GOVERNANCE WITH INTEGRITY 05 FINANCIAL CALENDAR 16 5-YEAR FINANCIAL HIGHLIGHTS 178 The Governance Framework 205 Statement on Risk Management and Internal Control 06 SUNCON AT A GLANCE 179 Corporate Governance Overview Statement 211 Additional Compliance Information SUNWAY CONSTRUCTION 195 Audit Committee Report 213 Investor Relations 22 Group Corporate Structure 38 Past Years Prominent Awards 24 SunCon in Calendar – 40 SunCon in the News Corporate Events 42 Value Creation 27 SunCon in Calendar – 44 Chairman’s Statement Social Events 32 Awards and Recognition FINANCIALS 216 Directors’ Responsibility 232 Statements of Profit or Loss and Statement for the Audited Other Comprehensive Income Financial Statements 233 Statements of Financial Position EXEMPLARY LEADERSHIP 218 Directors’ Reports 236 Statements of Changes in Equity 52 Profile of Board of Directors 227 Statement by Directors 239 Statements of Cash Flows 60 Profile of Key Senior Management 227 Statutory Declaration 242 Notes to The Financial Statements 69 Organisation Structure 228 Independent Auditors’ Report

MANAGEMENT DISCUSSION AND ANALYSIS 72 Outlook and Future Prospect 89 Review of Financial Results 74 Business Operations Review 102 Review of Share Performance SHAREHOLDING INFORMATION 88 Business Objectives and 104 Value Added Statement 320 Directors’ Interest in Shares Strategies 322 Analysis of Shareholdings

SUSTAINABILITY 108 About This Sustainability 134 Responsible Governance Statement CORPORATE DIRECTORY 136 Strengthening Economic Integrity 111 Defining Our Commitment to Sustainability 138 Managing Our Environmental Impacts Embedding Safety, Innovation and 115 Sustainability Governance 152 Quality in Construction 116 Stakeholder Engagement 166 Human Capital Development 122 Identifying Our Material Matters 172 Building Community Resilience GRI Content Index 128 Sustainability Performance 174

18 Surging Ahead with the Flow of Opportunities Sunway Construction Annual Report 2019 19