Reference is made to FSBM Holdings Berhad’s (“FSBM” or “the Company”) announcement dated 19 December 2018 (Reference No. C02-14122018-00010) in respect of cessation of Mr Chang Wei Ming as a Chairman of the Audit Committee following his resignation as a Director of FSBM on 19 December 2018.

Following the resignation of Mr Chang Wei Ming, the composition of FSBM’s Audit Committee has reduced to two (2) members which does not fulfil the requirement of Paragraph 15.09(1)(a) of the Main Market Listing Requirements (“MMLR”) and none of the remaining Audit Committee members possessing the accounting qualification as required in Paragraph 15.09(1)(c) of the MMLR. The positon of the Chairman of Audit Committee is vacant which does not fulfil Paragraph 15.10 of the MMLR. Pursuant to Paragraph 15.19 of the MMLR, FSBM is required to fill the vacancy within three (3) months from the date of cessation of Mr Chang Wei Ming as Chairman of the Audit Committee, i.e., by 18 March 2019.

The Board of Directors wishes to announce that Bursa Malaysia Securities Berhad has via its letter dated 7 March 2019 approved the Company’s application for an extension of time to comply with Paragraphs 15.09(1)(a), 15.09(1)(c) and 15.10 of the MMLR, and granted the Company an extension of time of three (3) months from 19 March 2019 until 19 June 2019 to comply with the said Paragraphs.         

This announcement is dated 8 March 2019.