Form to FUTURE At UEM Sunrise, Form to FUTURE represents our vision of shaping the future of real estate by prioritising equitable access to sustainable community living. Our commitment extends beyond development, integrating innovative, responsible and thoughtful designs to create not just physical space but thriving, future-ready communities. We consider the profound impact on surrounding communities, the environment and the economy. Building on the foundation set in our Integrated Annual Report (IAR) 2023, in IAR 2024, we sharpened our focus on six key elements (out of 17) of our DNA: Placemaking & Activation, Renewable Energy, Sustainable Infrastructure Planning, Inclusive Developments, Biodiversity Preservation and Attainable & Affordable Housing. Our journey from Form to FUTURE is about more than just development. It is about shaping a sustainable, inclusive and resilient tomorrow for generations to come. 6. Green Rated Masterplan & Buildings Energy efficiency and resource conservation are prioritised in buildings, supporting green principles and cost-effective energy management in alignment with UEM Sunrise’s Sustainable Development Design Guidelines (SDDG). 7. Clean Mobility Embedded infrastructure, such as solar forecourts, that is future-proof welcomes future innovation in more efficient mobility systems. 1 Placemaking & Activation Emphasises creating vibrant spaces that cater to community needs, integrating elements like activated streets and community-building spaces to enhance neighbourhood well-being. 10 Inclusive Development Inclusivity across all community groups in developments, which includes catering to the needs of children, young parents and the elderly, addressing multi-generational needs and fostering community strength and cohesion. 11 Biodiversity Preservation Dedicated resource to nature conservation, research and promotion of biodiversity in an urban environment. 17 Attainable and Affordable Housing Delivering the same level of dedication to design and quality as other developments ensures conducive built environment. 5 Renewable Energy Supplementing current source of energy with sustainably sourced clean energy. 8 Sustainable Infrastructure Planning The commitment to building infrastructure that promotes mobility, improves life quality and fosters inclusivity for all. 2. Smart City Technology Integration of information technology (IT), surveillance systems and data-driven solutions to enhance the efficiency and quality of urban life. 3. Fitness for Wellness Through initiatives such as parks, sports centres and community sports events, healthy lifestyles are promoted to improve fitness, enhance mental health and contribute to community well-being. 4. Thoughtful Urban Design Adherence to principles of universal design to ensure accessibility for people of diverse ages and abilities to navigate the path safely and comfortably. This will also promote healthier lifestyles and reduce the environmental footprint of commuting, where walking, jogging and cycling will be more conducive. 12. Passive Design Design that respects its natural context and work with the climate in achieving living comfort without relying on mechanical solutions. 13. Building Integrated Renewable Energy Integrating Photovoltaic (PV) panels onto the roofscape harnesses solar energy, reducing carbon emissions, lowering electricity costs and motivating a less energydependent lifestyle. 14. Clean Industry A diverse business opportunity where investment in high-tech manufacturing provides jobs and skillsets to the local communities. 15. Food Security A sustainable machine farming system incorporating diverse technological solutions, minimising land usage, fuel consumption, water usage, waste generation and labour requirements. 16. Modern Methods of Construction (MMC) Embracing MMC, leveraging advanced techniques such as prefabrication, modular design and volumetric construction and off-site manufacturing to expedite building processes, improve operational efficiency and advanced sustainability goals. 9. Fostering Entrepreneurial Spirit Commercial offerings curated with a vibrant mix of retail and working spaces, cultivating a dynamic ecosystem where innovation and collaboration thrive.
The critical role of public-private collaboration in realising Iskandar Puteri’s full potential The importance of sustainable infrastructure investments in attracting global businesses and talent UEM Sunrise’s central role in driving regional development through innovative projects and strategic partnerships 1 2 3 Scan the QR code for more info on the REF The forum highlighted the vital role of UEM Sunrise in shaping the region’s future, positioning the company as a central player in the growth of the Johor-Singapore Special Economic Zone (JS-SEZ) growth. Key insights from the session included: REF2024: Form to FUTURE Forum Highlights Over 700 participants 24 speakers 6 panels sessions The UEM Sunrise Real Estate Forum 2024 (REF2024), held on 9 September 2024, marked the inaugural edition of our forum, with Khazanah Nasional and CLSA joining us as key partners in this landmark event, which brought together influential industry players, investors and policymakers. The theme “Form to FUTURE” reflects UEM Sunrise’s commitment to bridging the vision of equitable communities with the reality of the built environment, ensuring that future generations inherit a sustainable and thriving urban landscape. Bringing Vision Into Reality Pasir Panjang Port Changi Airport Johor Port Tanjung Langsat Port Pengerang Integrated Petroleum Complex Johor Causeway RTS Link Senai International Airport ISKANDAR MALAYSIA JOHOR SINGAPORE Port of Tanjung Pelepas Forest City 2nd Link Highway Sedenak Desaru Jurong Port CZone BZone AZone E Zone F Zone DZone GZone We are here JS-SEZ Launched on 6 January 2025, the JS-SEZ marks a transformative step towards catalysing economic integration between Malaysia and Singapore. This bilateral initiative aims to foster a dynamic economic region by improving cross-border connectivity, enhancing trade flows and promoting collaboration across multiple sectors. Spanning 3,588 km², the JS-SEZ is set to become a key driver of regional economic growth, targeting high-value industries such as manufacturing, logistics, the digital economy and the green economy. As a key player in Iskandar Puteri, UEM Sunrise is uniquely positioned to capitalise on the JS-SEZ’s growth by aligning strategic initiatives with our vision and tap into growth across key sectors. We aim to build sustainable communities and a robust business ecosystem through collaboration with key stakeholders, investors and partners, while fostering new partnerships with Singaporean developers and multinational corporations. We see opportunities in: Catalysing Iskandar Puteri Land value appreciation due to strategic geographical positioning within the JS-SEZ Growth in residential rental demand as cross-border mobility increases Digital and innovation sectors for industrial real estate Scan the QR code for more info on the JS-SEZ
Impact of Our Integrated Corporate Disclosure We continuously refine our disclosures to balance materiality, clarity and comparability, ensuring delivery of targeted insights and decision-useful information for key stakeholders: Stakeholder Impact Shareholders & Investors Informed investment decisions supported by clearer value drivers, performance outcomes and strategic priorities Board & Management Improved internal alignment through transparent KPIs and risk-opportunity mapping across business units Customers Reinforced trust via disclosures on ESG performance, digital innovation and customer-centric initiatives Employees Heightened engagement through visibility of strategy, culture and sustainability commitments Partners & Vendors Clarity on collaboration opportunities, governance practices and sustainable procurement goals. Communities & Government Stronger accountability with socio-economic contribution through updates on affordable housing, placemaking, public-private partnerships and governance standards Planet Deliver environmental responsibility through transparent reporting on emissions, climate risk and biodiversity preservation which is aligned with TCFD and net-zero ambitions Digital Ecosystem Advanced digitalisation through interactive e-reporting and reduced reliance on printed reports in promoting sustainable, user-friendly stakeholder communication Our Integrated Reporting (IR) Journey Our adoption has improved over time via a phased approach, demonstrating our efforts in integrated thinking. Note: We align with the <IR> Framework by the International Financial Reporting Standards (IFRS) Foundation (formerly the International Integrated Reporting Council (IIRC)) and enhance our integration with the Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB) and Task Force on Climate-related Financial Disclosures (TCFD) standards where material. Initiated IR principles into our Annual Report, marking our inaugural Integrated Report FY2021 Aligned with the International Integrated Reporting <IR> Framework by adopting four content elements and embedding four guiding principles FY2022 Full adoption of the framework as evidenced by enhanced disclosures with outcome-based reporting and renewed Strategic Roadmap FY2023 Deepened disclosure with strategic alignment to <IR> Framework and value creation, complemented by a stronger climate transition focus FY2024 <IR> Framework’s Guiding Principles Guiding Principles 2021 2022 2023 2024 Strategic focus and future orientation Connectivity of information Stakeholder relationships Materiality Conciseness Reliability and completeness Consistency and comparability <IR> Framework Content Elements Content Elements 2021 2022 2023 2024 Organisational overview and external environment Governance Business model Risks and opportunities Strategy and resource allocation Performance Outlook Basis of presentation Fully Complied Partial Legend: Inside This Report ABOUT OUR INTEGRATED REPORT OVERVIEW OF UEM SUNRISE 8 Overview of UEM Sunrise 8 Who We Are 8 Vision & Mission 9 Our Core Values 10 Our Presence 11 Our Property Portfolio 12 What We Do 16 Our Performance in 2024 20 Group Corporate Structure 21 Our Strategic Partnerships 22 Our Investor Proposition 24 2024 Significant Events FROM OUR LEADERSHIP 28 Message from our Chairman 32 Officer in Charge’s Review HOW WE CREATE VALUE 40 Our Approach to Value Creation 42 Our Value Creating Business Model 48 Stakeholder Engagement and Value Creation 58 Stakeholder Scorecard 59 How We Distribute Value Created MANAGEMENT DISCUSSION AND ANALYSIS A. Strategic Review 62 Material Matters 80 Operating Landscape 88 Key Market Trends 95 Key Risks & Mitigation 100 Our Strategy Roadmap 102 Strategic Performance Review 106 Key Performance Indicators B. Performance Review 108 Financial Review 111 Five-Year Financial Highlights 112 Five-Year Group Performance 113 Five-Year Financial Review of the Group 114 Group Quarterly Performance 115 Segmental Analysis 116 Simplified Group Statement of Financial Position 117 Statement of Value Added & Distribution 118 Investor Information Persada PLUS Banquet Hall Menara Korporat, Persada PLUS Persimpangan Bertingkat Subang KM15, Lebuhraya Baru Lembah Klang 47301 Petaling Jaya Selangor Darul Ehsan Wednesday, 11 June 2025 10.00 a.m. We have taken conscious efforts to manage and minimise the environmental impact of our annual report and related processes. Download the soft copy of our IAR 2024 on our website. C. Business Review 122 Central Region, Malaysia 126 Southern Region, Malaysia SUSTAINABILITY 132 Sustainability Statement 2024 140 Economic Impact 151 Social Impact 182 Environmental Impact LEADERSHIP 204 Corporate Information 205 Board at a Glance 206 Board of Directors 208 Profile of Board of Directors 214 Joint Secretaries 215 Senior Management Team’s Profile 220 Leadership Team 222 Organisation Structure COMMITMENT TO STRONG GOVERNANCE 226 Chairman’s Statement on Corporate Governance 228 Corporate Governance Overview Statement 259 Statement on Risk Management and Internal Control 264 Risk Management Report 268 Additional Compliance Information 269 Directors’ Responsibility Statement in Respect of Audited Financial Statements OUR FINANCIAL PERFORMANCE 272 Directors’ Report 278 Statement by Directors 278 Statutory Declaration 279 Independent Auditors’ Report 285 Statements of Profit or Loss 286 Statements of Comprehensive Income 287 Statements of Financial Position 290 Statements of Changes in Equity 292 Statements of Cash Flows 294 Notes to the Financial Statements SHAREHOLDERS’ INFORMATION 387 Bursa Malaysia Sustainability Reporting Disclosure 389 GRI & SASB Content Index 395 Independent Limited Assurance Report 398 Analysis of Shareholdings 401 Material Properties of UEM Sunrise Berhad Group 402 Notice of Annual General Meeting 406 Statement Accompanying Notice of Annual General Meeting Form of Proxy Annual General Meeting 17th
We are pleased to present our Integrated Annual Report 2024 (IAR 2024) for the year ended 31 December 2024 (FY2024). This report offers a holistic view of how we create value through our strategies, operations and sustainability efforts while addressing stakeholder priorities, material matters, risks and opportunities across the short, medium and long term. Our past reports are available online through our website: www.uemsunrise. com/corporate/investor-relations Reporting Scope and Boundary This report covers the period of FY2024, unless stated otherwise, encompassing our operational environment in Malaysia, with emphasis on the Central and Southern regions and our business activities in Australia. This report has been prepared in line with relevant statutory provisions, reporting frameworks and best practices, including: • International Integrated Reporting Council’s International Integrated Reporting (<IR>) Framework • Bursa Malaysia Securities Berhad’s (Bursa Malaysia) Main Market Listing Requirements • Bursa Malaysia’s Corporate Governance Guide (Fourth Edition) • Securities Commission Malaysia’s (SC) Malaysian Code on Corporate Governance • Malaysian Companies Act 2016 • Global Reporting Initiative (GRI) Standards • Bursa Malaysia’s Sustainability Reporting Guide (Third Edition) • Sustainability Accounting Standards Board Standards • FTSE4Good Bursa Malaysia Index • Malaysian Financial Reporting Standards • International Financial Reporting Standards United Nations Sustainable Development Goals Adopted For more information, kindly refer to pages 136 and 137 of this report Navigation Icons To improve readability, this report includes icons and cross-references to help readers navigate key sections. Statement of Assurance This report has undergone a structured assurance process involving management, internal and external auditors and oversight by our Board of Directors (Board). Internal assurance was provided through our governance framework, control policies and risk oversight, while our financial statements were audited by Ernst & Young. To strengthen the credibility of our Sustainability Statement, selected disclosures for the Group’s operations in Malaysia and Australia were reviewed by our internal auditors and subjected to independent limited assurance by Ernst & Young Consulting Sdn. Bhd., in line with recognised assurance standards. The resulting reports were approved by our Audit Committee, with several improvement opportunities identified for implementation in the following year. The subject matter and key conclusions of these reviews are presented below. Type of Assurance Subject Matter Conclusion Independent Limited Assurance i. Lost Time Incident Rate ii. Total Energy Consumption The Independent Limited Assurance Report can be found on pages 395 to 397 Internal Review i. Employee breakdown ii. Hiring and turnover iii. Director breakdown iv. Community investment amount (for targeted external beneficiaries) v. Community investment beneficiaries vi. Total waste generated (construction waste, domestic waste, recycled waste and scheduled waste) vii. Total operational water consumption (potable and non-potable) Verified Materiality and Material Matters Guided by the principle of materiality, we proactively identify and prioritise issues that have the most significant impact on our ability to create, preserve or erode value over time. This process considers both stakeholder concerns and strategic relevance to our business, helping us focus on what matters most for long-term performance and resilience. The 17 material matters identified in FY2022 remained relevant in FY2024, with eight ranked as most critical to our business (refer to pages 62 to 79 for more). Board Responsibility Statement We recognise our responsibility to uphold the integrity of this report. Prepared through a robust internal process involving team members from across the Group, we are confident that this report reflects a fair and balanced disclosure of material matters that influence our ability to create, preserve or erode value. Forward-Looking Statements This report includes forward-looking statements on UEM Sunrise’s strategy, plans and future performance. These statements are based on current assumptions and expectations, which are subject to risks and uncertainties. Actual results may differ materially due to factors beyond the Company’s control. UEM Sunrise does not guarantee the outcomes of these statements and assumes no obligation to update them. Readers are advised not to place undue reliance on forward-looking information. Feedback We are committed to continuously enhancing the quality and transparency of our reporting. Queries or feedback regarding this report or our broader reporting suite can be relayed to our Investor Relations team at ir@uemsunrise.com About Our Integrated Report Principal Risks R1 Competition Risk R2 Financial Risk R3 Operational Risk R4 People Risk R5 Regulatory and Corruption Risk Our Capitals F Financial Capital I Intellectual Capital N Natural Capital M Manufactured Capital H Human Capital SR Social and Relationship Capital Our Strategic Thrusts Drive Sustainable Revenue Stream ST1 Catalyse Southern Region Potential ST2 Scale New Growth Areas ST3 Advance Sustainability Agenda ST4 Key Stakeholders Groups SG1 Employees SG6 Business Partners (MoU, Joint Venture) SG2 Customers SG7 Local Communities SG3 Investment-related Stakeholders SG8 Government Agencies/Authorities/Regulators SG4 Banks, Rating Agencies, Sukuk Holders SG9 Media SG5 Service Providers (Vendors, Suppliers, Contractors, Lawyers) Material Matters Customer Management M1 Economic Performance M2 Data Privacy and Cybersecurity M6 Ethical Business Practices M3 Climate Change M7 Employee Management M4 Local Community M8 Health and Safety M5 Waste M9 Supply Chain Management M10 Human Rights M11 Market Presence M12 Materials M13 Indirect Economic Impact M14 Water and Effluents M15 Biodiversity M16 Procurement Practices M17 Economic Environment Social Governance The Nomination & Remuneration Committee, Audit Committee and Board Governance & Risk Committee reviewed relevant sections, particularly those relating to governance, before recommending them to the Board. This report was subsequently authorised for release on 24 March 2025. Alignment with the Global Sustainability Agenda We have aligned our operations with the following United Nations Sustainable Development Goals (UN SDGs) as part of our commitment to environmental, social and economic sustainability:
UEM SUNRISE BERHAD INTEGRATED ANNUAL REPORT 2024 Sustainability Commitment to Strong Governance Shareholders’ Information Leadership Our Financial Performance 9 UEM SUNRISE BERHAD INTEGRATED ANNUAL REPORT 2024 OVERVIEW OF UEM SUNRISE How We Create Value From Our Leadership Management Discussion and Analysis 8 Overview of UEM Sunrise Puteri Harbour, Iskandar Puteri Honest Honesty and trust are the cornerstones of our actions. We uphold integrity through openness, mutual respect and accountability, allowing us to foster meaningful relationships with all stakeholders. We welcome feedback as an opportunity to improve, adapt, grow and continuously create a lasting, positive impact. Enthusiastic We bring energy, optimism and confidence to our work, believing in the positive impact of our efforts. Our passion drives us to seek new knowledge, explore innovative ideas and adopt improved methods of working. With a forward-thinking mindset, we are committed to achieving meaningful results that make a difference. Fun-loving We approach our work with a positive and uplifting spirit, always mindful of the needs and sensitivities of those around us. By fostering a supportive and encouraging environment, we create meaningful connections and inspire those we collaborate with. Through teamwork and creativity, we strive to make every experience fulfilling and impactful. Involved We actively support our customers, stakeholders and colleagues through the communities we develop, the spaces we create and the initiatives we champion. By promoting collaboration, we take the initiative to improve outcomes and embrace forward-thinking solutions. As team players, we value diverse perspectives and work collectively to achieve shared goals, ensuring meaningful impact. Vision Building communities of the future with you and for you. Mission UEM Sunrise brings together the talented and skilled, the imaginative and the courageous. We create sustainable environments loved by homeowners, acclaimed by investors and recognised by the industry. We believe in thinking big and acting quickly to unlock potential; to thrive in a changing world. Caring We take pride in our work and consistently hold ourselves accountable for the impact we create, always striving for excellence while seeking ways to improve. Beyond work, we care about helping others succeed and we foster collaboration to achieve collective goals. Our commitment extends to the people we work with, the communities we shape and the planet we share, ensuring sustainable outcomes in everything we do. Our Core Values Who We Are UEM Sunrise Berhad (UEM Sunrise and the Company) is one of Malaysia’s leading property developers, specialising in macro township, highrise residential, commercial, industrial and integrated developments. We are the flagship entity for township and property development under UEM Group Berhad (UEM Group) and Khazanah Nasional Berhad (Khazanah). We are recognised for pioneering award-winning, upmarket properties in the affluent Mont’Kiara enclave and surrounding neighbourhoods in Greater Kuala Lumpur. As the master developer of Iskandar Puteri in Johor, we are also shaping Southeast Asia’s largest fully integrated urban development. Meanwhile, our international footprint extends to Australia, further solidifying our presence beyond Malaysia. Visit our website at www.uemsunrise.com for more information
Our remaining GDV is split between the Southern (RM60.6 billion) and Central regions (RM28.9 billion), totalling RM89.5 billion. Malaysia Our developments in Australia total RM1.4 billion in GDV – including our recently acquired residential development site in Subiaco East, Perth, which is targeted to be launched in the second half of 2025. Australia We are primarily present in Malaysia’s Central and Southern regions with highgross development value (GDV) projects and strategic landbank poised for growth. Internationally, we have expanded to Australia with developments in Melbourne and Perth. In 2024, we launched six projects worth RM904.3 million, surpassing our RM800.0 million GDV target. Our remaining GDV now stands at RM90.9 billion for 5,197.9 acres of remaining landbank as at 31 December 2024. Australia Australia Our ongoing property projects in Australia are located in Melbourne, focusing on high-rise residential projects. * indicates they are joint ventures (JV) High-rise Residential Collingwood, Melbourne Australia Subiaco East, Perth • (Target to be launched in 2025) Township Serene Heights Symphony Hills Senadi Hills Aspira Gardens Aspira ParkHomes Estuari East Ledang Gerbang Nusajaya Aspira LakeHomes Aspira Hills Forest Heights* Emerald Bay* Horizon Hills* The Maris* High-rise Residential The MINH The Connaught One Allevia KAIA Heights Integrated Development Solaris Parq Kiara Bay Radia Bukit Jelutong* Almas Puteri Harbour Puteri Harbour Retail Publika The Beat Arcoris Retail Summer Suites Retail Teega Retail Anjung Neighbourhood Centre Marina Walk Mall of Medini* Commercial Hyatt House Kuala Lumpur Serene Square Estuari Sport Centre Afiat Healthpark DiReka Square Kota Iskandar* Industrial Nusajaya Tech Park* Ferry Terminal Puteri Harbour International Ferry Terminal Central region Southern region Malaysia Our ongoing Residential projects, Retail, Commercial and Industrial developments as well as a ferry terminal in Malaysia, are located in the Central region (Kuala Lumpur, Selangor and Negeri Sembilan) and the Southern region (Desaru and Iskandar Puteri in Johor). Our Property Portfolio 11 Shareholders’ Information UEM SUNRISE BERHAD INTEGRATED ANNUAL REPORT 2024 Our Financial Performance Commitment to Strong Governance Sustainability Leadership UEM SUNRISE BERHAD INTEGRATED ANNUAL REPORT 2024 OVERVIEW OF UEM SUNRISE How We Create Value From Our Leadership Management Discussion and Analysis 10 Our Presence
We have been instrumental in developing townships in Malaysia, starting with the upscale Mont’Kiara, located 6km from Kuala Lumpur’s city centre. Over the years, we have enhanced our townships with placemaking and urban integrated living, creating vibrant communities and high quality of life with essential amenities. Our latest township developments in Johor leverage our extensive landbank in the Southern region, tapping into key economic drivers such as the JS-SEZ while revitalising key areas of Johor’s urban landscape. TOWNSHIP Total Launched Projects 6 projects Total GDV RM904.3 million Our high-rise residential developments are primarily in Malaysia’s Central region, with a strong presence in Mont’Kiara, one of Kuala Lumpur’s most prestigious neighbourhoods. Designed with modern lifestyles in mind, these developments combine smart design, quality finishes and sustainable features to create vibrant, connected communities in some of the nation’s most sought-after addresses. No. of Ongoing Projects 6 projects No. of Units 5,044 units HIGH-RISE Core Business Segments and Highlights What We Do We have a proven track record of delivering high-quality residential, commercial and industrial projects, focusing on integrated, sustainable communities that drive shared value for people, businesses and the environment. UEM SUNRISE BERHAD INTEGRATED ANNUAL REPORT 2024 Sustainability Commitment to Strong Governance Shareholders’ Information Leadership Our Financial Performance 13 UEM SUNRISE BERHAD INTEGRATED ANNUAL REPORT 2024 OVERVIEW OF UEM SUNRISE How We Create Value From Our Leadership Management Discussion and Analysis 12 Our international presence is centered in Australia, where we focus on high-rise residential and integrated developments, tapping into emerging real estate opportunities. These projects feature expansive green spaces and landscaped areas, promoting urban revitalisation while maximising capital growth potential. Total Net Lettable Area 1,014,493 sqft No. of Strategic Partners 3 partners No. of Assets Owned and Managed 10 assets Accelerating Industrial Play Our commercial portfolio features retail spaces like Publika Shopping Gallery and The BEAT, which go beyond business to serve as a vibrant community hubs. Complementing our townships and integrated developments, we remain committed to creating commercial hubs that enrich lifestyles and add value to residents and surrounding communities. Aligned with Malaysia’s New Industrial Master Plan 2030 (NIMP 2030), we are developing industrial zones in the Southern region to leverage on this economic catalyst. With world-class infrastructure and services, we aim to set a new benchmark for green and sustainable industries. COMMERCIAL INDUSTRIAL Total Projects 2 projects Total GDV RM2.3 billion * Including the Subiaco project which is targeted to be launched in the second half of 2025 INTERNATIONAL FY2024 Highlights FY2024 Highlights FY2024 Highlights Collingwood, Melbourne The BEAT, Kiara Bay Nusajaya Tech Park FY2024 Highlights FY2024 Highlights
What We Do Aspira LakeHomes Aspira LakeHomes is the latest township in Gerbang Nusajaya, offering a thoughtfully designed residential environment that harmonises modern living with natural surroundings. Located within close proximity to Singapore, the development caters to customers seeking a balance between urban convenience and lakeside tranquillity. Its strategic location and serene setting present a compelling option for those looking to enjoy both connectivity and a nature-oriented lifestyle. Launch Date : 20 July (Phase 4 and 6) and 11 September (Phase 5) Number of Units : 253 GDV : RM230.0 million Aspira Hills Aspira Hills is a family-oriented residential development designed to meet the needs of modern households. It comprises larger homes that offer practical and comfortable living spaces. At the centre of the development is a 6-acre park, which promotes a sense of community and provides shared recreational space for residents. Launch Date : 21 September Number of Units : 453 GDV : RM311.0 million Nadi Nusantara 2 Nadi Nusantara 2 is the latest affordable housing development within the Senadi Hills township in Iskandar Puteri, designed to support family living and encourage a sense of community. The development offers convenient access to key amenities and infrastructure, including major highways, healthcare facilities and educational institutions. It is strategically located within 2-5km of Legoland, Hospital Gleneagles, Kota Iskandar and schools such as SK Medini, SMK Medini and EduCity. Launch Date : 1 July Number of Units : 130 GDV : RM20.0 million DiReka Square DiReka Square, located in Puteri Harbour, serves as the main commercial hub within the emerging DiReka township. The development comprises a range of retail and commercial components and offer various benefits including strategic connectivity to key landmarks such as Kota Iskandar, the upcoming Johor Bahru Court Complex and Raffles American School. Launch Date : 22 September Number of Units : 113 GDV : RM249.0 million Intrika 2, Serene Heights Intrika 2, Serene Heights – The NEST Edition is a residential offering that blends contemporary design with Nusantarainspired architectural elements, reflecting a thoughtful integration of modern living and cultural heritage. Located within a green and vibrant setting, the development is designed to provide residents with a comfortable and community-oriented living environment, aligned with the broader vision of Serene Heights as a well-planned township. Launch Date : 26 October Number of Units : 114 GDV : RM91.3 million Serene Square, Kedai Kos Sederhana Rendah (KKSR), Serene Heights Serene Square KKSR is the first affordable shop within the vibrant Serene Heights township. Launch Date : 1 December Number of Units : 19 GDV : RM3.0 million Senadi Hills – KKSR Senadi Hills – KKSR is an affordable commercial development located within the Senadi Hills township in Iskandar Puteri. The project is under the Happy+ The COMMERCE Series and designed as shop offices with frontage along a high-traffic transit route, offering visibility and accessibility to support business operations. Australia We continue to expand our presence in Australia with current and upcoming projects located in Melbourne and Perth. GDV : RM6.7 million Total units : 33 Date of Vacant Possession Handover : 13 August Collingwood Location : Melbourne Planning Permit : Build-to-rent scheme for 407 units Planning Permit Approval Date : 4 December Subiaco East Location : Perth Planning Permit : 342 apartment units Planning Permit Approval Date : 11 November Launched Projects in 2024 Completed Projects in 2024 International Projects * Land acquisition for Subiaco East is completed, with full purchase price paid on 2 January 2025 Senadi Hills – KKSR Artist impression of Subiaco East, Perth UEM SUNRISE BERHAD INTEGRATED ANNUAL REPORT 2024 UEM SUNRISE BERHAD INTEGRATED ANNUAL REPORT 2024 OVERVIEW OF UEM SUNRISE How We Create Value Sustainability Commitment to Strong Governance Shareholders’ Information From Our Leadership Management Discussion and Analysis Leadership Our Financial Performance 14 15
Launched GDV RM904.3 million Launched HomeClick, our first end-to-end digital platform with 7,143 visitors and 111 new accounts created Ongoing Residential Projects 26 projects With GDV of RM23.5 billion Landbank to be Developed 5,197.9 acres With remaining GDV of RM90.9 billion Business Highlights Sustainability Highlights Our Performance 2024 Completed Inventories RM97.9 million FY2024 FY2023: RM127.4 million Number of Units Sold 1,572 units FY2024 FY2023: 1,755 units Revenue RM1.3 billion FY2024 FY2023: RM1.3 billion Sales Achieved RM1.4 billion FY2024 FY2023: RM2.1 billion Gross Profit RM417.6 million FY2024 FY2023: RM473.7 million Profit After Tax and Non-Controlling Interests RM104.3 million FY2024 FY2023: RM75.7 million Cash, Bank Balances, Deposits and Short Term Investments RM1.3 billion FY2024 FY2023: RM1.1 billion Net Gearing Ratio 0.40 times FY2024 FY2023: 0.45 times Dividend Payout Ratio 60% FY2024 FY2023: 50% Total Equity RM7.0 billion FY2024 FY2023: RM6.9 billion in Guided by our Sustainable Development Design Guidelines (SDDG), a set of principles and best design practices for sustainable development Safety and Health Assessment System in Construction (SHASSIC) five-star ratings for eight projects, with an average score of 97.3% An average Quality Assessment System for Building Construction Works (QLASSIC) score of 85.5% across two projects Participated in the S&P Global Corporate Sustainability Assessment (CSA) The Connaught One GreenRE Bronze (Provisional) Residensi Solaris Parq GreenRE Bronze Residensi Astrea Mont’Kiara Green Mark The MINH GreenRE Gold (Provisional) KAIA Heights GreenRE Silver (Provisional) Allevia GreenRE Gold (Provisional) Several of our developments hold industry-recognised Green Building Certifications, including: Silver Sponsor for Design Green 2024, a knowledge-sharing platform curated to promote thought leadership in sustainable design Concluded an extensive review of our GHG emissions inventory 2023 (re-baselining) and 2024; included 46 facilities and expanded our operational boundaries to include fertiliser usage, fugitive emissions from refrigerants and land use changes Financial Highlights Balance Sheet Highlights UEM SUNRISE BERHAD INTEGRATED ANNUAL REPORT 2024 UEM SUNRISE BERHAD INTEGRATED ANNUAL REPORT 2024 OVERVIEW OF UEM SUNRISE How We Create Value Sustainability Commitment to Strong Governance Shareholders’ Information From Our Leadership Management Discussion and Analysis Leadership Our Financial Performance 16 17
StarProperty Real Estate Developer Awards 2024 • All-Stars Award: Top 10 Listed Company (ranked No. 10) – UEM Sunrise Berhad • The Poseidon Award: Best Waterfront Development – Residensi ZIG • The Starter Home Award: Best Primary Home Development (High Rise – Within Greater Kuala Lumpur) – Residensi ZIG • The Family Friendly Award: Best Family-centric Development (High Rise – Selangor) – KAIA Heights Malaysia Landscape Architectural Awards • Developer Category: Landscape Development Awards (Honour Award) – Residensi Solaris Parq Malaysia Developer Awards 2024 • Top-of-the-Chart Top 10 (For Market Capitalisation of RM1 Billion and Above) The Edge Property Excellence Awards 2024 • Top Property Developer Awards (ranked No. 8) – UEM Sunrise Berhad FIABCI Malaysia Property Award 2024 • Commercial Residential High-Rise Category – Residensi Solaris Parq Malaysia Construction Industry Development Board QUEST 2024 • Construction Industry Achievement – SHASSIC – (Allevia) – QLASSIC – Senadi Square, Senadi Hills (Phase 1b) and Aspira ParkHomes (Phase 3) 2024 Australasian Reporting Awards • Silver Award • Special Award: Integrated Reporting National Annual Corporate Report Awards 2024 • Gold Excellence Award (For Companies With Less Than RM2 Billion In Market Capitalisation) IR Magazine Awards – Southeast Asia 2024 • Best Investor Event Employee Experience Awards 2024 Malaysia • Gold Award: Best Employee Engagement Initiative • Silver Award: Best Hybrid Work Model Talentcorp Life at Work Awards • Talent Sustainability (2nd Runner Up) (International/Public Listed Companies) LinkedIn Talent Awards • AI Pioneer Finalist (1,000-10,000 Employees) ACCA Approved Employer Award • Trainee Development, Platinum The Loyalty & Engagement Awards 2024 • Best Card-Based Loyalty Programme – Trésor by UEM Sunrise Putra Brand Awards 2024 • Gold Award (Property) Alpha Southeast Asia’s 14th Institutional Investor Corporate Awards 2024 • Best CFO in Malaysia • Most Improved Investor Relations (#1) • Strongest Adherence to Corporate Governance (#1) • Most Organised Investor Relations (#2) • Most Consistent Dividend Policy (#2) Awards and Recognitions UEM SUNRISE BERHAD INTEGRATED ANNUAL REPORT 2024 UEM SUNRISE BERHAD INTEGRATED ANNUAL REPORT 2024 OVERVIEW OF UEM SUNRISE How We Create Value Sustainability Commitment to Strong Governance Shareholders’ Information From Our Leadership Management Discussion and Analysis Leadership Our Financial Performance 18 19 Our Performance in 2024
Through joint ventures and industry partnerships, we expand into new markets, introduce innovative products and services and drive cost efficiencies by sharing resources and optimising processes. Beyond property development, collaborations with financial institutions enable us to offer exclusive homebuyer packages, enhancing affordability and adding value for our customers. 1 Active JVs and Associates These collaborations support UEM Sunrise’s growth in the real estate and property development sectors, enabling us to expand our portfolio, leverage additional expertise and access new markets through shared resources and expertise with its partners. 2 Financial Institution Partners These partnerships help ensure the successful execution and growth through reliable financial backing and strategic collaboration. 4 S ustainability Partners Collaborations to promote environmental and social responsibility, ensuring sustainable practices and long-term value for communities and stakeholders Horizon Hills Development Sdn. Bhd. A 50:50 joint venture between UEM Sunrise and Gamuda Berhad to develop 1,200 acres integrated residential township featuring a golf course and 11 residential precincts in Iskandar Puteri, Johor Nusajaya Tech Park Sdn. Bhd. A 40:60 joint venture between UEM Sunrise and Ascendas Land (Malaysia) Sdn. Bhd. to develop a world-class integrated industrial park with eco-friendly infrastructure, designs and facilities over 371 acres in Iskandar Puteri, Johor Sunrise MCL Land Sdn. Bhd. A 50:50 joint venture between UEM Sunrise and MCL Land Ltd., to develop 488 acres freehold development in Forest Heights, Negeri Sembilan Desaru North Course Residences Sdn. Bhd. A 51:49 joint venture between UEM Sunrise and Destination Resorts and Hotels Sdn. Bhd. to develop 228 acres resort-style homes in Desaru, Johor Nusajaya Premier Sdn. Bhd. A 80:20 joint venture between UEM Sunrise and Iskandar Coast Sdn. Bhd. to develop a 204-acre residential township located in Puteri Harbour, Iskandar Puteri, Johor Sime Darby Property Sunrise Development Sdn. Bhd. A 50:50 joint venture between UEM Sunrise and Sime Darby Property to develop 21 acres of integrated development in Bukit Jelutong, Shah Alam Haute Property Sdn. Bhd. A 40:60 joint venture between UEM Sunrise and BRDB Developments Sdn. Bhd. to develop waterfront resort homes at Emerald Bay, Puteri Harbour, Johor Cahaya Jauhar Sdn. Bhd. A 60:40 joint venture between UEM Sunrise and the State of Johor (through Permodalan Darul Ta’zim Sdn. Bhd.) to develop and maintain Kota Iskandar, Johor’s new administrative centre in Iskandar Puteri, Johor 3 Vendor Partnership Programme Partners Fosters strong collaborations with trusted vendors to ensure high-quality, efficient and cost-effective delivery of materials and services 9 partners A programme designed to strengthen, promote and develop a mutually beneficial relationship and co-operation Note: The complete list of subsidiaries, associates and joint ventures and their respective principal activities, country of incorporation and the Group’s effective interest are shown in notes 46 to 48 of the Audited Financial Statements on pages 373 to 380 of this Integrated Annual Report 2024. • UEM Land Berhad • Sunrise Berhad • Allevia Sdn. Bhd. • Arcoris Sdn. Bhd. • Aurora Tower at KLCC Sdn. Bhd. • Bandar Nusajaya Development Sdn. Bhd. • Ibarat Duta Sdn. Bhd. • Laser Tower Sdn. Bhd. • Lembah Suria Sdn. Bhd. • Lucky Bright Star Sdn. Bhd. • Marina Management Sdn. Bhd. • Milik Harta Sdn. Bhd. • New Planet Trading Sdn. Bhd. • Nusajaya Development Sdn. Bhd. • Nusajaya DCS Sdn. Bhd. • Nusajaya Greens Sdn. Bhd. • Nusajaya Heights Sdn. Bhd. • Nusajaya Medical Park Sdn. Bhd. • Nusajaya Resort Sdn. Bhd. • Nusajaya Rise Sdn. Bhd. • Solid Performance Sdn. Bhd. • Sun Victory Sdn. Bhd. • Sunrise Alliance Sdn. Bhd. • Sunrise DCS Sdn. Bhd. 100% • Sunrise Innovations Sdn. Bhd. • Sunrise Mersing Sdn. Bhd. • Sunrise Pioneer Sdn. Bhd. • Symphony Hills Sdn. Bhd. • UEM Sunrise (Australia) Sdn. Bhd. • UEM Sunrise (Land) Pty. Ltd. • UEM Sunrise (Developments) Pty. Ltd. • UEM Sunrise (La Trobe Street) Unit Trust • UEM Sunrise (Mackenzie Street) Unit Trust • UEM Sunrise (Collingwood) Unit Trust • UEM Sunrise (Subiaco East) Unit Trust • UEM Sunrise (La Trobe Street Development) Pty. Ltd. • UEM Sunrise (Mackenzie Street Development) Pty. Ltd. • UEM Sunrise (Collingwood Development) Pty. Ltd. • UEM Sunrise (Subiaco East Development) Pty. Ltd. • UEM Sunrise (Aurora Melbourne Central Property Management) Pty. Ltd. • UEM Sunrise (Conservatory Melbourne Property Management) Pty. Ltd. • UEM Sunrise Project Services Sdn. Bhd. • UEM Sunrise Properties Sdn. Bhd. 100% • Mega Legacy (M) Sdn. Bhd. 50% + 1 share • Nusajaya Premier Sdn. Bhd. 80% • Durban Point Development Company (Proprietary) Ltd. 40.2% • Cahaya Jauhar Sdn. Bhd. 60% • Setia Haruman Sdn. Bhd. 25% • Desaru North Course Residences Sdn. Bhd. 51% • Nusajaya Lifestyle Sdn. Bhd. 49% • FASTrack Iskandar Sdn. Bhd. 30% • Horizon Hills Development Sdn. Bhd. • Nusajaya Consolidated Sdn. Bhd. • Sime Darby Property Sunrise Development Sdn. Bhd. • Sunrise MCL Land Sdn. Bhd. 50% • Sarandra Malaysia Sdn. Bhd. • Scope Energy Sdn. Bhd. 40% • Haute Property Sdn. Bhd. • Nusajaya Tech Park Sdn. Bhd. 40% HomeClick is an online platform that enables homebuyers to reserve units, explore virtual tours, compare properties, check loan eligibility and apply for loans directly through Maybank’s Home2u, while the HouzKey programme offers first and second-time homebuyers the opportunity to own their dream home with zero down payment, zero payment during the construction period and a 100% financing scheme HomeClick & Maybank Islamic for HouzKey The ‘Home Step Fast/i’ campaign offers low monthly repayments for the first five years upon completion of the project, with no lock-in period and no early settlement fees, which is ideal for fresh graduates, young homebuyers and investors. The Affinita programme empowers women homebuyers through exclusive financing options and benefits, supported by a merchant network that offers lifestyle products and services curated especially for women Home Step Fast/ I & Affinita The Home Complete Programme offers an additional loan of up to 10% of the property value or a maximum of RM150,000, allowing homebuyers to customise their living spaces for renovations and interior design, helping to ease their financial burden Home Complete Programme In alignment with Malaysia’s Low Carbon Mobility Blueprint 2021-2030 and the National Energy Policy, we are actively installing electric vehicle (EV) charging stations across all new high-rise residential developments. This initiative is carried out in collaboration with Gentari Sdn. Bhd., ChargEV and other key partners An effort to explore low carbon and naturebased solutions such as smart green energy solutions and renewable energy, circular economy, as well as sustainable technical and technology solutions A water quality assessment of the Kepong Metropolitan Park lake, supporting the sustainable activation of Kiara Bay’s waterfront Over 20 partners are involved in a tree planting programme across a 343-acre public park in Iskandar Puteri, with a goal to plant 25,000 trees by 2028. This initiative aims to contribute to a low carbon future by 2030 and help us achieve carbon neutrality by 2050 Subsidiaries Joint Ventures Associate Companies CMYK 65 25 90 10 RGB 97 31 32 HSE 100 50 57 WEB #231F20 UEM SUNRISE BERHAD INTEGRATED ANNUAL REPORT 2024 UEM SUNRISE BERHAD INTEGRATED ANNUAL REPORT 2024 OVERVIEW OF UEM SUNRISE How We Create Value Sustainability Commitment to Strong Governance Shareholders’ Information From Our Leadership Management Discussion and Analysis Leadership Our Financial Performance 20 21 Our Strategic Partnerships Group Corporate Structure As At 21 March 2025
In 2024, we strengthened our position as one of Malaysia’s leading property developers, guided by our focus on innovation, sustainability and customer-centricity. The growth of our market share is driven by strong sales and a robust launch pipeline, reflecting our leadership in the sector. Investor confidence remains encouraging, with our market capitalisation reaching RM5.5 billion in 2024, an increase of 32% from 2023. With a solid financial position and a commitment to sustainability, we remained focused on creating long-term value for our shareholders. We are also honoured to be recognised among Malaysia’s top 10 property developers at The Edge Property Excellence Awards 2024 for the 12th consecutive year. Proven Expertise in Development and Construction Master developer of Puteri Harbour, Iskandar Puteri and Kiara Bay, Kuala Lumpur, with a pioneering role in Mont’Kiara’s development Diverse and Resilient Portfolio Balanced mix of development and investmentgrade projects across Malaysia and Australia, ensuring sustainable growth Commitment to ESG Leadership Guided by ESG indexes such as FTSE4Good and S&P Global Corporate Sustainability Assessment (CSA), supported by our Sustainability Blueprint 2.0, Sustainable Development Design Guidelines (SDDG) and advanced construction methods such as design for manufacture and assembly, Building Information Modelling (BIM) and the Industrialised Building System (IBS) Our Competitive Advantage Our Market Share and Ranking • Bursa Malaysia: We are a public listed company on the Main Market of Bursa Malaysia, trading under stock code 5148 or UEMS MK • FTSE4Good Bursa Malaysia Index: A constituent since its inception in 2014 • FTSE4Good Bursa Malaysia Shariah Index: We are also a constituent of this index, assessed by FTSE Russell • Participated in S&P Global Corporate Sustainability Assessment (CSA) Our Index Representations The Malaysian Rating Corporation has affirmed its MARC-1IS/AA-IS rating on our RM4.0 billion Islamic Commercial Papers (ICP) and Islamic Medium-Term Notes (IMTN) Programme (ICP/IMTN-3). MARC also reaffirmed its AA-IS rating on our two RM2.0 billion IMTN Programmes (IMTN-1 and IMTN-2). Both ratings carry a Stable outlook. Our Credit Rating • International Organisation for Standardisation (ISO) 9001:2015 – Quality Management System • ISO 14001:2015 – Environmental Management System • ISO 45001:2018 – Occupational Safety and Health Management System (previously known as OHSAS 18001) • ISO 37001:2016 – Anti-Bribery Management System Our Certifications and Accreditations Experienced and Strategic Leadership A professional management team with deep expertise and a success-driven approach to sustainable growth Award-winning Developments Recognised with prestigious accolades, including StarProperty Real Estate Developer Awards, The Edge Property Excellence Awards and FIABCI Malaysia Property Awards Extensive Landbank with High Growth Potential Holding 5,197.9 acres of prime land with an estimated GDV of RM90.9 billion, providing a strong pipeline for future developments Robust Financial Position Net gearing ratio of 0.40 times as of 31 December 2024, ensuring financial flexibility for expansion and investment Strong Partnerships for Sustainable Growth Established JVs with reputable partners such as Gamuda Land and CapitaLand, alongside strategic collaborations with financial institutions such as Maybank to digitalise the homeownership journey Prime Positioning in the JohorSingapore Special Economic Zone Developments and landbank strategically located to capitalise on opportunities within the fastgrowing JS-SEZ Leading Digital Innovation in Property Development Integration of smart technologies to enhance construction efficiency, reduce waste and improve the customer experience through digital platforms Focus on High-Growth Industrial Sectors Meeting rising demand in Malaysia’s industrial and digital economy through the development of industrial parks and data centres UEM SUNRISE BERHAD INTEGRATED ANNUAL REPORT 2024 UEM SUNRISE BERHAD INTEGRATED ANNUAL REPORT 2024 OVERVIEW OF UEM SUNRISE How We Create Value Sustainability Commitment to Strong Governance Shareholders’ Information From Our Leadership Management Discussion and Analysis Leadership Our Financial Performance 22 23 Our Investor Proposition
Jan 11 January • Revamped our hUb prop homeowner app with green initiatives and extended rewards, transforming it into a comprehensive channel for homeowners to obtain services and information about UEM Sunrise, exclusive rewards, product launches, sales campaigns, virtual tours, progress billing, project progress, key handover appointments and defect management. Feb 2 February • Established a partnership with Alliance Bank in providing home financing solutions to homebuyers under the Alliance Home Complete Programme. This programme offers an additional loan of up to 10% of the property value or a maximum of RM150,000 to buyers. 27 February • Revised dividend policy of 40% to 60% of the Group’s consolidated Profit After Tax and Non-Controlling Interests (PATANCI) from 20% to 40%, subject to, among others, availability of distributable reserves and adequate free cash flow from operations. Feb 27 February • Declared dividend of 0.75 sen per ordinary share or RM37.9 million for the financial year ended December 2023; paid on 24 May 2024. Mar 8 March • Introduced “Happy+ Right Home. Right Now”, a campaign that offers a one-stop easy ownership package aimed to assist homebuyers in their home purchasing process. 18 March • Inked a partnership with Intermedika Co. Ltd. to promote healthy living, aimed at integrating sports, wellness and hospitality components in development masterplans and stimulate growth within developments. Jul 2 July Received accolades at Alpha Southeast Asia’s 14th Institutional Investor Corporate Awards 2024. • Strongest Adherence to Corporate Governance: 1st place • Most Organised Investor Relations: 2nd place • Most Consistent Dividend Policy: 2nd place • Most Improved Investor Relations: 1st place • Best CFO in Malaysia Oct 18 October • At the Malaysia Developer Awards (MDA) 2024, UEM Sunrise ranked among the top 10 in the ‘Top of the Chart’ award for the category of companies with a market capitalisation of RM1 billion and above. Nov 11 November • The Edge Property Excellence Awards (TEPEA) 2024, UEM Sunrise ranked among Malaysia’s Top 10 property developers under the Top Property Developers May 16 May • Signed a Memorandum of Understanding (MoU) with ITRAMAS Corporation (ITRAMAS) and China Machinery Engineering Corporation (CMEC) to mark the beginning of a strategic partnership aimed at developing a Renewable Energy (RE) Industrial Park, measuring 40 acres in Gerbang Nusajaya, Iskandar Puteri, Johor. 31 May • Signed an MoU with LOGOS Infrastructure Holdco Pte. Ltd. (LOGOS) to explore the opportunity to develop a best-in-class and innovative data centre campus on a 30-hectare site in Gerbang Nusajaya, Iskandar Puteri, Johor, with the plan to offer a development potential of up to 360 MW of capacity. Sep 4 September • Hosted UEM Sunrise’s inaugural Form to FUTURE Real Estate Forum 2024, a knowledgesharing platform bringing together industry players and investors. Capitalising on the growing interest in real estate, particularly in the Iskandar region, the event attracted over 700 participants. The forum held in-depth discussions on sector challenges, emerging opportunities and key megatrends shaping the industry. Dec 17 December • Inked MoU with Gotion High-Tech Co. Ltd. (Gotion) and ITRAMAS to develop a cutting-edge R&D centre within the RE cluster of UEM Sunrise’s planned Industrial Park in Gerbang Nusajaya, Iskandar Puteri, Johor. Gotion, ranks among the top three producers of battery energy storage (BESS) and power battery technology worldwide. 12 November • Introduced HomeClick, a gamechanging online platform accessible through uemsunrise.com that is revolutionising the homebuying process. This end-to-end digital tool offers unmatched convenience and efficiency, allowing buyers to reserve their preferred units online anytime, from anywhere. HomeClick Apr 19 April • Launched The Beat 2.0, an extension of The Beat retail hub at Kiara Bay in Kepong with Harvey Norman as the anchor tenant. UEM SUNRISE BERHAD INTEGRATED ANNUAL REPORT 2024 UEM SUNRISE BERHAD INTEGRATED ANNUAL REPORT 2024 OVERVIEW OF UEM SUNRISE How We Create Value Sustainability Commitment to Strong Governance Shareholders’ Information From Our Leadership Management Discussion and Analysis Leadership Our Financial Performance 24 25 2024 Significant Events
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