Sunrise Shares Holdings Ltd. Faces Potential Share Suspension after Sponsor Termination

Key Highlights

• Termination Notice Received: Sunrise Shares Holdings Ltd. has received a formal notice of termination from its continuing sponsor, Novus Corporate Finance Pte. Ltd. (“NCF”), on 14 January 2026.
• Effective Termination Date: The sponsorship will officially end on 13 April 2026, unless an earlier date is agreed upon by both parties.
• Reason for Termination: The termination was due to “commercial reasons” as cited by NCF.
• Compliance Status: NCF confirmed it is not aware of any non-compliance with the Catalist Rules by the Company that has not been reported to the Singapore Exchange (SGX-ST).

Potentially Price-Sensitive Information for Shareholders

• Risk of Trading Suspension: Under Rule 746(4) of the Catalist Rules, if Sunrise Shares Holdings fails to secure a new continuing sponsor, SGX-ST will suspend the Company’s shares from trading. This could have a significant impact on the liquidity and value of the Company’s shares.
• Risk of Delisting: If the Company remains without a sponsor for more than three continuous months, SGX-ST has the authority under Rules 746(5) and 1305(1)(c) to remove the Company from its Official List, resulting in a potential forced delisting without company agreement. This is a critical risk that shareholders must note as it can severely affect the value and tradability of their holdings.
• Search for New Sponsor: The Company has announced that it will begin the process of sourcing a new continuing sponsor and will update shareholders once a replacement has been secured.
• Shareholder Advisory: The Board strongly advises shareholders and potential investors to exercise caution when dealing in the Company’s securities and to seek independent financial, legal, or professional advice if in doubt.
• Announcement Review: The announcement was reviewed by NCF but has not been examined or approved by SGX-ST, which assumes no responsibility for its content.
• Contact Information: Shareholders with queries can contact Ms. Lau Sze Mei, Associate Director at Novus Corporate Finance, for further details.

Detailed Developments and Implications

Sunrise Shares Holdings Ltd., a company listed on the Catalist board of the Singapore Exchange, is now at risk of a trading suspension and possible delisting after receiving a termination notice from its continuing sponsor, Novus Corporate Finance Pte. Ltd. The termination, effective after a three-month notice period ending on 13 April 2026, was for commercial reasons—a development that raises key concerns for investors regarding the company’s compliance status and ongoing listing eligibility.

As per Catalist Rules, a listed company must have a continuing sponsor to remain on the SGX-ST. Should Sunrise Shares Holdings Ltd. fail to appoint a new sponsor within three months of the sponsor’s exit, the SGX-ST may suspend trading in the company’s shares. If the company remains without a sponsor for more than three months, the risk escalates to involuntary delisting, which could materially impact shareholder value and marketability of shares.

NCF has confirmed that, to the best of its knowledge, there are no outstanding non-compliance issues with the Catalist Rules that have not already been reported to the exchange. The Board has committed to promptly initiating the search for a new sponsor and will keep investors updated on developments.

Given these circumstances, shareholders and potential investors are urged to monitor developments closely and to exercise caution. The uncertainty around the appointment of a new sponsor and the possibility of trading suspension or delisting constitute significant potential price-sensitive risks.

Investor Advisory

The Board reiterates that all investors should seek independent advice from qualified professionals such as bankers, stockbrokers, or solicitors before making any investment decisions regarding Sunrise Shares Holdings Ltd.

Contact Information

For further information, investors may contact:
Ms. Lau Sze Mei, Associate Director
Novus Corporate Finance Pte. Ltd.
7 Temasek Boulevard, #04-02 Suntec Tower 1, Singapore 038987
Telephone: (65) 6950 2188

Disclaimer: This article is for informational purposes only and does not constitute investment advice. The information contained herein is based on public disclosures by the company as of 14 January 2026. Investors are advised to conduct their own due diligence and consult with professional advisers before making investment decisions. The Singapore Exchange assumes no responsibility for the contents of this article.

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