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 Listing Requirements;

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

(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, 21 April 2022, 26 April 2022, 5 May 2022, 19 May 2022, 1 June 2022 , 1 July 2022, 1 August 2022, 1 September 2022, 3 October 2022, 12 October 2022, 1 November 2022, 15 November 2022, 1 December 2022, 21 December 2022, 3 January 2023, 13 January 2023, 2 February 2023, 1 March 2023, 3 April 2023, 10 April 2023, 2 May 2023, 22 May 2023, 23 May 2023, 1 June 2023, 3 July 2023, 20 July 2023, 25 July 2023, 1 August 2023, 2 August 2023, 9 August 2023, 11 August 2023, 1 September 2023, 18 September 2023, 25 September 2023, 26 September 2023, 2 October 2023, 1 November 2023 and 1 December 2023;

(d)     circular to shareholders dated 28 April 2023 in relation to the Regularisation Plan;

(e)     announcement dated 22 May 2023 in relation to the outcome of extraordinary general meeting for the Regularisation Plan, whereby all resolutions in relation to the Regularisation Plan had been approved by shareholders; and

(f)     abridged prospectus dated 25 August 2023 in relation to the renounceable rights issue of up to 236,659,300 new ordinary shares in FSBM (“FSBM Shares”) (“Rights Shares”) on the basis of 1 Rights Share for every 1 existing FSBM Share held as at 5.00 p.m. on Friday, 25 August 2023, together with up to 118,329,650 free detachable warrants in FSBM (“Warrants”) on the basis of 1 Warrant for every 2 Rights Shares subscribed for at an issue price of RM0.03 per Rights Share (“Abridged Prospectus”).

The terms used herein shall bear the same meaning as defined in the Abridged Prospectus.

The Regularisation Plan had been completed on 26 September 2023.

Any further development on the Regularisation Plan will be announced accordingly.

This announcement is dated 2 January 2024.