The Board of Directors of FSBM Holdigns Berhad (“the Company”) hereby announces that the Company had received the notice in writing given pursuant to Section 281 of the Companies Act, 2016 from Messrs Ernst & Young (“EY”) on their resignation as Auditors of the Company with effect from 13 September 2019.

EY who had been the Auditors of the Company were re-appointed at the last Annual General Meeting (“AGM”) of the Company held on 23 November 2017 to hold office until the conclusion of the next AGM of the Company. The resignation is on a voluntary basis as the Company wishes to appoint another auditors.

Save for the issues relating to the recoverability of certain trade and other receivables which remain unresolved with EY, there are no other matters that need to be brought to the attention of the shareholders of the Company.

The Company is in the midst of finalising the appointment of another audit firm as the new Auditors of the Company. Further announcement will be made by the Company in due course.

This announcement is dated 10 October 2019.