Reference is made to the following announcements made by FSBM:

(a) First announcement dated 16 October 2019 in relation to the Company being classified as an affected listed issuer pursuant to Paragraph 8.03A(2)(b) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”) (“Listing Requirements”);

(b) First announcement dated 30 December 2019 in relation to the Company being classified as a PN17 Company pursuant to Practice Note 17 of the Listing Requirements (“PN17”); and

(c) the subsequent announcements dated 1 November 2019, 2 December 2019, 2 January 2020, 3 February 2020, 2 March 2020, 1 April 2020, 4 May 2020, 1 June 2020, 1 July 2020, 3 August 2020, 1 September 2020, 1 October 2020, 2 November 2020, 1 December 2020, 4 January 2021, 2 February 2021, 1 March 2021, 1 April 2021, 3 May 2021, 1 June 2021, 1 July 2021, 2 August 2021, 23 August 2021, 1 September 2021, 23 September 2021, 1 October 2021, 15 October 2021, 1 November 2021, 8 November 2021, 9 November 2021, 1 December 2021, 3 January 2022, 3 February 2022, 1 March 2022, 1 April 2022, 15 April 2022 and 21 April 2022.

On 21 April 2022, Malacca Securities Sdn. Bhd. had on behalf of the Board of Directors of FSBM, submitted an application for extension of time up to 31 May 2022 to submit the Proposed Regularisation Plan application to Bursa Securities.

Bursa Securities had vide its letter dated 26 April 2022 approved the extension of time up to 31 May 2022 for FSBM to submit a regularisation plan to the regulatory authorities.

The aforesaid extension of time is without prejudice to Bursa Securities’ right to proceed to suspend the trading of the listed securities of FSBM and to de-list the Company in the event:

(i)   the Company fails to submit a regularisation plan to the regulatory authorities on or before 31 May 2022;

(ii)  the Company fails to obtain the approval from any of the regulatory authorities necessary for the implementation of its regularisation plan; and

(iii) the Company fails to implement its regularisation plan within the time frame or extended time frame stipulated by any of the regulatory authorities.

Upon occurrence of any of the events set out in (i) to (iii) above, Bursa Securities shall suspend the trading of the listed securities of FSBM on the 6th market day after the date of notification of suspension by Bursa Securities and de-list the Company, subject to the Company’s right to appeal against the delisting.

This announcement is dated 26 April 2022.