1. Date of Event: July 6, 2026 (115/07/06)

2. Company Name: Shinfox Far East Company Pte. Ltd

3. Relationship to Company: Subsidiary

4. Cross-shareholding Ratio: Senwhei Energy holds 67% of the subsidiary

5. Reason for Event:

Shinfox Far East Company Pte. Ltd (SFE), a significant equity investment of Senwhei Energy and its major shareholder Win Whey Investment Holding, based in Singapore, currently faces insolvency as its assets are far insufficient to settle outstanding debts and creditors are demanding repayment. Considering the substantial financial impact on its overall structure, Senwhei Energy has determined it cannot sustain SFE’s operations. On July 6, 2026 (115/07/06), SFE’s board of directors convened and formally resolved to initiate a 'Creditors' Voluntary Liquidation'.

Senwhei Energy stated that the liquidation process will be conducted in accordance with Singaporean laws and regulations, and Deloitte Singapore has been appointed as the official liquidator, officially commencing the liquidation proceedings.

Following SFE’s resolution to liquidate, Senwhei Energy will, in accordance with International Accounting Standard 1 (IAS 1), reassess all of SFE’s assets and liabilities and issue a 'Liquidation Value Report', adjusting the book values of these items to their estimated realizable liquidation values. This significant financial adjustment will directly reflect in the upcoming financial statements of both Senwhei Energy and Win Whey Holding.

6. Countermeasures: None

7. Other Matters to be Disclosed (If the subject is a publicly listed company or above, this announcement qualifies as a material event under Article 7, Paragraph 9 of the Enforcement Rules of the Securities and Exchange Act, significantly affecting shareholders’ equity or securities prices): None

FACT BOX

  • Source: PR Times
  • Category: News
  • Organizations: Deloitte Singapore
  • Dates in source: 115/07/06