General Announcement::Resignation of Executive Director & CEO, Changes in Composition of the Board & Legal Representative

SUNRISE SHARES HOLDINGS LTD.

(Company Registration No. 198201457Z)

(Incorporated in Singapore)

(the "Company")

1. RESIGNATION OF EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER
2. CHANGES IN THE COMPOSITION OF THE BOARD OF DIRECTORS
3. CHANGE OF LEGAL REPRESENTATIVE OF SUBSIDIARIES

The Board of Directors ("Board") of Sunrise Shares Holdings Ltd. ("Company") wishes to announce the following:

1. RESIGNATION OF CHIEF EXECUTIVE OFFICER AND EXECUTIVE DIRECTOR
   Mr. Zhang Zhi Liang ("Mr. Zhang") will resign as the Executive Director and Chief
   Executive Officer of the Company with effect from 3 August 2021 ("Resignation").
   The Board would like to express its appreciation to Mr. Zhang for his contribution during his tenure as the Chief Executive Officer and Executive Director of the Company.
   Upon the Resignation, the role and responsibilities of the Chief Executive Officer will be undertaken by Mr Wong Siu Fai (Executive Director and Chairman) and assisted by the senior management of the Group for the interim. In the meantime, the Company is searching for a suitable replacement for the Chief Executive Officer.
   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. Zhang is being released separately via the SGXNet.
2. CHANGES IN THE COMPOSITION OF THE BOARD
   Consequent to the abovementioned changes, the composition of the Board of the Company shall be reconstituted as follows with effect from 3 August 2021:

The composition of the Audit Committee, Nominating Committee and Remuneration Committee remain unchanged.

(C) CHANGE OF LEGAL REPRESENTATIVE OF SUBSIDIARIES

Pursuant to Rule 704(11) of the Catalist Rules, the Board wishes to announce the change of legal representatives of the following subsidiaries:

The registration formalities with the relevant governing authorities in relation to the change of legal representatives have been completed and took effect on 7 July 2021.

BY ORDER OF THE BOARD

Shirley Tan

Company Secretary

7 July 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