Suncity Group Recognized as "Honored Company" by Institutional Investor

HONG KONG,Sept. 16,2020 -- Suncity Group Holdings Limited ("Suncity" or the "Group",Hong Kong Stock Exchange code: 1383) would like to announce that the Group has been named as an "Honored Company" in the "2020 All-Asia Executive Team" Ranking,published by the world-renowned business publication "Institutional Investor". The prestige award is a vote of confidence of Suncity Group's executive team as the annual rankings are highly reputable globally as the financial industry's benchmark for excellence.

Suncity Group Holdings Limited Recognized as “Honored Company” by Institutional Investor,All-Asia Executive Team 2020

Institutional Investoris a world-renowned finance magazine,issuing rankings throughout the year that often serve as industry benchmarks. The rankings for the 2020 "All-Asia Executive Team" covered 18 sectors,with a total of 1,472 enterprises nominated for evaluation by 1,921 portfolio managers and buy-side analysts,and 611 sell-side analysts. The 1,472 companies nominated across 18 sectors this year were rated on nine core areas,including (1) Accessibility of Senior Executives (2) Execution of Strategy (3) IR Team is Well Informed and empowered (4) Productivity of NDR/Conferences/Calls (5) Responsiveness (6) Business & Market Knowledge (7) Consistency & Granularity,(8) ESG Information,and (9) Timeliness of Disclosure.

Mr. Chau Cheok Wa,Chairman of Suncity,expresses his delight,"Thanks to the support of shareholders and investors,this accolade by Institutional Investor is an endorsement of the Group's credibility by the investment community. 2020 may be a year of turmoil,but this had not stopped the Group from believing in the long term. While we are strategically expanding our blue print,we are also careful in managing our expenses to ensure that every dollar invested is well-spent,delivering return for investment for our shareholders."

About Suncity Group Holdings Limited (HKEx stock code: 1383)

Suncity Group Holdings Limited ("Suncity" or the "Group") is en-route to become a leading integrated resort operator in Asia. Originated from Macau,Suncity develops,operates and manages integrated resorts across Asia,including Vietnam,the Philippines,Russia,and Japan.

Hoiana is the first flagship integrated resort that Suncity jointly develops with our investment partners. Located in Central Vietnam,Hoiana is only 35 minutes away from the Danang International Airport and is located near to top tourist attractions in Danang and Hoi An. Hoiana is a world-class integrated resort with branded hotels,state-of-the-art gaming floors,multiple F&B restaurants,award-winning golf course and long pristine beaches.

Suncity is the single largest shareholder of Summit Ascent Holdings Limited (HKEx: 102),and participates in the development of future phases of Tigre de Cristal Resort in Vladivostok,Russia. Suncity is also the controlling shareholder of Suntrust Home Developers,Inc. (PSE: SUN),who is going to co-develop Westside City Project in the heart of Entertainment City in Manila,the Philippines. The main casino hotel consists of gaming floors,five-star hotel rooms,leisure clubs and other amenities,projected to be opened in 2023.The Group also offers consultancy services to large scale integrated resorts in Asia. In addition,the Group operates in the travel related product and services segment and the property segment.

Adhering to the spirit of "Innovating With Diversity,Striving For Success",Suncity Group spared no effort to develop entertainment and integrated resort products. Originated from Macau,Suncity Group actively explores integrated resort opportunities around the world.

For more information about the Group,please visit: https://www.suncitygroup.com.hk/

Photo - https://photos.prnasia.com/prnh/20200916/2919089-1?lang=0