SDAI Limited – Compulsory Liquidation Update for KHL Marketing Asia-Pacific Pte Ltd

Key Highlights from the Latest Monthly Update

• Continuation of Compulsory Liquidation: The board of SDAI Limited has released its latest monthly update regarding the compulsory liquidation of its subsidiary, KHL Marketing Asia-Pacific Pte Ltd, in compliance with Rule 704(22) of the SGX Catalist rules.
• No Material Developments Reported: Since the last update (the “28 November Announcement”), the Board has confirmed that there have been no further material developments that may significantly impact the financial position of SDAI Limited.
• Trading Suspension Still in Effect: Shares of SDAI Limited remain suspended from trading on the SGX-ST since 12 July 2021. There has been no indication in this update regarding the lifting of the trading suspension.

Important Information for Shareholders and Investors

• Ongoing Monitoring: The Board will continue to issue monthly updates and make further announcements if there are any material developments related to the compulsory liquidation process.
• No Price-Sensitive Developments at Present: As of this announcement, there are no new developments that could be considered price-sensitive or likely to affect the value of SDAI Limited’s shares.
• Professional Advice Recommended: Shareholders and potential investors who are unsure about their next steps are strongly encouraged to consult their professional advisers, such as stockbrokers, bank managers, solicitors, or accountants, before making any decisions.

Other Details

• Corporate Governance and Compliance: This announcement has been reviewed by the Company’s sponsor, ZICO Capital Pte. Ltd. The announcement clarifies that it has not been examined or approved by the Singapore Exchange Securities Trading Limited (SGX-ST), which assumes no responsibility for its contents.
• Contact for Further Information: Shareholders or investors seeking more details may contact Ms. Yang Zhenni at ZICO Capital Pte. Ltd., 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.

Conclusion

Currently, there are no new developments or price-sensitive information disclosed in this latest update that would be expected to move the share price of SDAI Limited. The Company remains in compliance with its monthly reporting obligations and continues to monitor the situation closely.

Disclaimer: This article is a summary and interpretation of the official announcement released by SDAI Limited. It is not investment advice. Investors are strongly advised to consult their professional advisers before making any investment decisions. The Singapore Exchange Securities Trading Limited (SGX-ST) has not reviewed or approved the contents of this article.

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