On December 13, 2018, Quarz Capital Management, Ltd announced that it has issued open letter to the management and board of the Sunningdale Tech Ltd and urging the Company to take decisive steps to address the severe undervaluation of more than 40% which the Company share price is trading at to Company fair value. Quarz Capital stated that it calls on board and management to enhance investors' confidence by increasing disclosure on Company’s products, business segments and strategic plans. Quarz Capital expressed its view that its recommendations can provide a clear pathway for the Company to generate a potential attractive total return of more than 40% for all shareholders in the mid to long-term. In addition, Quarz Capital stated that it looks forward to working with the Company’s board and management to move forward expeditiously on delivering value to all shareholders.