Material Event (Form 8-K)

Item 8.01 OTHER EVENTS

Appointment of Board Member Dana Wagner to the Corporate Governance and Nominating and Compensation Committees of the Board of Directors

On December 13, 2025, the Board of Directors (the "Board") of Sui Group Holdings Limited (the "Company") appointed independent Board member Dana Wagner to serve as a member of the Board's Compensation Committee, and the Board's Corporate Governance and Nominating Committee.

The Board determined that Mr. Wagner has appropriate experience and background in accordance with the requirements of Nasdaq Stock Market LLC ("Nasdaq") Listing Rule 5605. The Board determined that Mr. Wagner is "independent" in accordance with the compensation committee requirements of Nasdaq Listing Rule 5605.

Mr. Wagner joined the Company's Board on July 27, 2025.

Mr. Wagner was not appointed as member of the Compensation Committee or Corporate Governance and Nominating Committee pursuant to any arrangement or understanding with any other person. Mr. Wagner does not have any family relationships with any executive officer or director of the Company or with the Company's independent registered public accounting firm, Boulay PLLP, and he is not a party to any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

A description of Mr. Wagner's existing compensatory arrangement is provided in the section titled "Executive and Director Compensation" in the Company's Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on August 26, 2025.

Corporate Governance and Nominating Committee and Compensation Committee Composition

Mr. Wagner's appointment to the Compensation Committee fills a previously disclosed vacancy on the Compensation Committee, resulting in a Compensation Committee comprised of two qualified members.

Mr. Wagner's appointment to the Corporate Governance and Nominating Committee also fills a previously disclosed vacancy on the Corporate Governance and Nominating Committee, resulting in a Corporate Governance and Nominating Committee comprised of two qualified members.

As previously reported, on July 22, 2025, the Company received a letter (the "Letter") from Nasdaq notifying the Company that it was not in compliance with Nasdaq's committee requirements as set forth in Nasdaq Listing Rule 5605 as a result of the unexpected passing of a former Board member, resulting in a Compensation Committee comprised of only one qualified director and a Corporate Governance and Nominating Committee comprised of only one qualified director. Nasdaq Listing Rule 5605 requires, among other things, that each listed company must have a compensation committee comprised of at least two members, each of whom must meet certain independence and other qualifications as set forth in such rule.

In the Letter, Nasdaq indicated that it would provide the Company with a cure period-prior to the Company's next annual shareholder meeting or July 9, 2026; or if the next annual shareholder meeting is held before January 5, 2026, then no later than January 5, 2026- in order to regain compliance.

Please refer to the Company's Current Reports on Form 8-K dated July 22, 2025, and July 27, 2025, for additional information.