Reference is made to the following announcements made by FSBM Holdings Berhad (“FSBM” or “the Company”):

1. 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 (“MMLR”) of Bursa Malaysia Securities Berhad (“Bursa Securities”);

2. First Announcement dated 30 December 2019 in relation to the Company being classified as a PN17 Company pursuant to Practice Note 17 of the MMLR of Bursa Securities; and

3. 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 and 1 July 2020.

In compliance with Paragraph 4.1(c) of Practice Note 17 of the MMLR, the Board of Directors of FSBM wishes to announce that the Company has not formulated a Regularisation Plan, rather it is presently self-regularising its condition to address its financial condition and affected listed issuer status.  

According to the Circular of Bursa Securities dated 26 March 2020, Bursa Securities has accorded additional relief measures to listed issuers, amongst others, a longer timeframe for listed issuers which trigger the criteria under Paragraphs 8.03A or 8.04 (Practice Note 17) of the MMLR and announce the criteria under Paragraph 4.1(a) in Practice Note 17 of the MMLR (“First Announcement”) from 2 January 2019 to 31 December 2020, to submit their regularisation plans to the Securities Commission Malaysia or Bursa Securities, as the case may be, within 24 months (instead of the existing 12 months pursuant to Paragraph 8.04(3)(a) of the MMLR) from the date of the First Announcement. Thus, FSBM is required to submit a Regularisation Plan to the relevant regulatory authorities on or before 15 October 2021 (instead of 15 October 2020), for approval to implement the Regularisation Plan, which is approximately fourteen and a half (14 ½) months from the date hereof.      

This announcement is dated 3 August 2020.