General Announcement::Resignation of Chief Financial Officer

SUNRISE SHARES HOLDINGS LTD.

(Company Registration No. 198201457Z)

(Incorporated in Singapore)

(the "Company")

RESIGNATION OF CHIEF FINANCIAL OFFICER

The Board of Directors ("Board") of Sunrise Shares Holdings Ltd. ("Company") wishes to announce that Mr. Chan Hing Yin ("Mr. Chan") will resign as the Chief Financial Officer of the Company with effect from 30 September 2021 ("Resignation").

The Board would like to express its appreciation to Mr. Chan for his contribution during his tenure as the Chief Financial Officer of the Company.

Mr. Chan will be working closely with the Group's finance team to ensure a smooth transition and handover of duties. In the meantime, the Company has already considered and identified a potential candidate as a replacement for the position of CFO. The Company will make the necessary announcements when a suitable candidate is appointed.

The detailed template announcement pursuant to Rule 704(6) of the Singapore Exchange Securities Trading Limited Listing Manual Section B: Rules of Catalist ("Catalist Rules") have containing the particulars of Mr. Chan is being released separately via the SGXNet.

BY ORDER OF THE BOARD

Shirley Tan

Company Secretary

31 August 2021

This announcement has been reviewed by the Company's Sponsor, Asian Corporate Advisors Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms. Foo Quee Yin, at 160 Robinson Road, #21-05 SBF Center, Singapore 068914, Telephone number: 6221 0271