Asia PR News

HONG KONG, Dec. 28 /PRNewswire-AsiaNet/ –

The Board of Directors (the "Board") of Sun Innovation Holdings Ltd. (the
"Company") announced today that the Company plans to expand its existing
property investment business and has identified a potential investment
opportunity in Macau. The Company may make investments in property-related
projects and will conduct fund raising activities in the near future. The
Board will keep the Company’s shareholders abreast of the latest development of
this business expansion and will publish separate announcements when
appropriate.

Michele Matsuda, Chairman and Chief Executive Officer, said, "We are very
excited to be exploring an opportunity in Macau, as the potential venture
would position the Company to enter a new vibrant real estate market."

About Sun Innovation Holdings Ltd.

Sun Innovation Holdings Ltd. is a Hong Kong-based multinational
conglomerate, with property investments, entertainment media content
distribution and financial services as its main businesses. Sun Innovation
Holdings Ltd. operates in Hong Kong, Macau, Mainland China, Japan, and Hawaii
and is listed on the Main Board of the Hong Kong Stock Exchange
(stock code: 547).

Certain statements contained in this press release related to Sun
Innovation Holdings Limited’s business are not historical facts. Such
statements may be regarded as forward-looking statements. Forward-looking
statements are made on the basis of management’s views and assumptions
regarding future events and business performance as of the time the statements
were made. Management does not undertake any obligation to update these
statements — Accordingly, risks and uncertainties are inherent as actual
results may differ materially from those expressed or implied.

Contact:
Alicia Swanson - Senior Investor Relations Manager
Tel: +1-808-394-6695
Email: aswanson@suninnovation.com

SOURCE: Sun Innovation Holdings Ltd.

CONTACT: Alicia Swanson
Senior Investor Relations Manager
of Sun Innovation Holdings Ltd.
+1-808-394-6695
aswanson@suninnovation.com

Web site: http://www.suninnovation.com