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 and 1 April 2022.

On 15 October 2021, Malacca Securities Sdn Bhd (“Malacca Securities”) had on behalf of the Board of Directors of FSBM (“Board”), announced that FSBM had on 15 October 2021 entered into a conditional share sale agreement (“CSSA”) with Dato’ Tan Hock San @ Tan Hock Ming (“Dato Tan”) to dispose the following subsidiaries:-

(a) FSBM CTech Sdn. Bhd. (“CTech”), a wholly-owned subsidiary of FSBM; and

(b) Unos Sdn. Bhd. (“Unos”), a wholly-owned subsidiary of FSBM,

(collectively, “Disposal Companies”)

for a total cash consideration of RM2.0 million (“Proposed Disposals”).

For information, the Proposed Disposals are part of the proposed regularisation plan which was announced on 15 October 2021.

On behalf of the Board, Malacca Securities wishes to announce that the Company and Dato Tan had on 15 April 2022 via an exchange of letter agreed to vary the condition precedent of the CSSA set out in Clause 3.1.3 as follows:

This announcement is dated 15 April 2022.