Annica Holdings Limited Withdraws Proposed Share Consolidation

Key Points for Investors

• Annica Holdings Limited has officially withdrawn its previously announced proposal to consolidate its shares.
• The original proposal, announced on 31 December 2025, sought to consolidate every 250 existing ordinary shares into one ordinary share.
• This withdrawal follows queries and consultations with Singapore Exchange Regulation Pte. Ltd. (SGX RegCo) and the Company’s Sponsor.
• Annica Holdings will revise the terms of its share consolidation and has announced that a new, separate announcement detailing the revised proposal will be released.

Important Details for Shareholders

• The withdrawal of the original share consolidation plan could potentially affect the share price, as it signals a change in corporate action and strategy.
• The Company is responding to regulatory concerns and feedback, which may have implications for governance and compliance.
• The revised share consolidation terms are not yet disclosed, and investors should await further details from the upcoming announcement.
• The Board strongly advises shareholders and potential investors to exercise caution when dealing in Annica Holdings shares at this time.
• For further guidance, shareholders are encouraged to consult their financial advisers, stockbrokers, or other professionals.

Potential Impact on Share Value

Changes in share capital structure, such as consolidations, typically have a material impact on share liquidity, pricing, and investor sentiment. The withdrawal and revision of the share consolidation plan may introduce uncertainty in the market, and investors should monitor for the revised terms, which could be price-sensitive.

The Company has made clear that this decision is based on regulatory feedback and consultation, and the future direction will depend on the new proposal. The outcome of this process may significantly affect Annica Holdings’ share performance.

Corporate Communication

The announcement was made by Sandra Liz Hon Ai Ling, Executive Director and Chief Executive Officer, on 10 March 2026.

The Company’s Sponsor, ZICO Capital Pte. Ltd., has reviewed the announcement, but the Singapore Exchange Securities Trading Limited (SGX-ST) has neither examined nor approved its contents.

For further information or queries, shareholders may contact Ms Goh Mei Xian at ZICO Capital Pte. Ltd., 77 Robinson Road, #06-03 Robinson 77, Singapore 068896. Telephone: (65) 6636 4201.

Conclusion

Investors should remain vigilant and closely follow Annica Holdings’ upcoming announcements regarding the revised share consolidation. The withdrawal of the original proposal is a significant development and may affect the Company’s share price and overall investor confidence.

Disclaimer

This article is for informational purposes only and does not constitute financial advice or a recommendation to buy or sell shares in Annica Holdings Limited. Investors should consult their own financial advisors and conduct independent research before making investment decisions. The contents are based on official company announcements and may be subject to change.

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