The Board of Directors of Sunrise Shares Holdings Ltd. announced that the company has on 4 October 2023 incorporated a wholly-owned subsidiary, Sunrise Shares (M) Sdn Bhd (SSMSB) in Malaysia. SSMSB was incorporated in Malaysia on 4 October 2023 with an initial issued and paid-up share capital of MYR 1.00 comprising of 1 ordinary share. Its principal activities are to provide management, advisory and consultancy services.

The directors of SSMSB are Datuk Tan Eng Eng and Mr. Lam Shuh Pow, the Chief Financial Officer of the Company. The objectives of incorporating this new subsidiary are as follows: To serve as the shared service centre of the Group for the execution and handling of business operational tasks, such as accounting, human resources, payroll, IT, legal, compliance, sales and marketing and procurement services; and to expand the management, advisory and consultancy services business segment into Malaysia market.