Announcement • Jan 31
Smart Digital Group Limited announced delayed 20-F filing On 01/30/2026, Smart Digital Group Limited announced that they will be unable to file their next 20-F by the deadline required by the SEC. Announcement • Jan 14
Wolf Haldenstein Adler Freeman & Herz LLP Files A Class Action Lawsuit Against Smart Digital Group Limited Wolf Haldenstein Adler Freeman & Herz LLP announced that it has filed a class action lawsuit in the United States District Court for the Southern District of New York, captioned Dixit v Smart Digital Group Limited, et.al, Case 1:26-cv-00296, on behalf of persons and entities that purchased or otherwise acquired Smart Digital Group Limited securities between May 5, 2025 and September 26, 2025, at 9:34 AM EST, inclusive. Plaintiff pursues claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”). Smart Digital Group Limited, based in Singapore, provides event planning and execution services, which consist of drafting and customizing event marketing strategies, and engaging event sponsors. Throughout the Class Period, Defendants made materially false and/or misleading statements and failed to disclose material adverse facts about the Company’s business, operations, and the true nature of the trading activity in the securities. Specifically, Defendants failed to disclose to investors that: (1) SDM was the subject of a market manipulation and fraudulent promotion scheme involving social-media based misinformation and impersonators posing as financial professionals; (2) insiders and/or affiliates used and/or intended to use offshore or nominee accounts to facilitate the coordinated dumping of shares during a price inflation campaign; (3) SDM’s public statements and risk disclosures omitted any mention of realized risk of fraudulent trading or market manipulation used to drive the Company’s stock price; (4) as a result, SDM securities were at unique risk of a sustained suspension in trading by either or both of the United States Securities and Exchange Commission (“SEC”) and NASDAQ; and (5) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations and prospects were materially misleading and/or lacked a reasonable basis. New Risk • Sep 26
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$363.7m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (33% average weekly change). High level of non-cash earnings (40% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (7.1% net profit margin). Market cap is less than US$100m (US$363.7m market cap). 
