Reference is made to the announcement dated 8 May 2023 (“Initial Announcement”) in relation to the Memorandum of Understanding (“MOU”) between FSBM Holdings Berhad’s (“FSBM” or “the Company”) wholly-owned subsidiary, namely FSBM MES Elite Sdn. Bhd. and Selangor Human Resource Development Centre for the joint collaboration in application-based research and development in technology applications suited for industrial applications.

Unless otherwise stated, the definitions used throughout this announcement shall have the same meaning as defined in the Initial Announcement.

The Board of Directors of the Company wishes to announce that there has been no material development on the status of the MOU since the last announcement dated 29 February 2024.

This announcement is dated 31 May 2024.