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Smart Digital Group Limited announced a CFO transition. Ms. Qiongshan Huang resigned as Chief Financial Officer effective October 20, 2025; the company stated the resignation was not related to its financial or operating results or to any disagreements over financial or reporting practices. On the same date, the company appointed Tan Kwang Leng as CFO.
Mr. Tan brings accounting and finance experience, having served as financial director of Peopleperks International Sdn Bhd since December 2011 and previously as finance manager at RCE Capital Berhad from June 2005 to November 2011. He holds a Bachelor’s degree in accounting from the National University of Malaysia (2005). The company noted there are no family relationships between Mr. Tan and any director or executive officer.
Smart Digital Group Limited reported that the U.S. Securities and Exchange Commission ordered a temporary suspension of trading in its securities. The suspension runs from 4:00 AM ET on September 29, 2025, through 11:59 PM ET on October 10, 2025. This means the company’s shares cannot be traded on U.S. markets during that period.
On September 30, 2025, the company also received an information request from Nasdaq asking for certain information and documents. Smart Digital Group states that it has not participated in any price manipulation activity and says it will fully cooperate with both the SEC and Nasdaq as they review the situation.
Smart Digital Group Limited filed a 6-K as a foreign private issuer, noting that it issued a press release on September 23, 2025 announcing its digital asset strategy. The press release, attached as Exhibit 99.1, describes the company’s plan to establish a diversified cryptocurrency asset pool.
Smart Digital Group Limited filed a Form 6-K as a foreign private issuer to update investors on its financial results for the six months ended March 31, 2025 and recent corporate developments. The filing mainly serves as a cover for detailed disclosures contained in attached exhibits.
The company is providing a Management’s Discussion and Analysis of Financial Condition and Results of Operations and unaudited interim condensed consolidated financial statements with related notes for this six‑month period. These materials are delivered in Inline XBRL format, consistent with SEC reporting requirements for electronic data.