Reference is made to the approval obtained by FSBM Holdings Berhad ("FSBM" or "the Company") from its shareholders at the Extraordinary General Meeting held on 22 May 2023 for the following proposals, which form part of the Company's Regularisation Plan as outlined in the Company's Circular to Shareholders dated 28 April 2023:

1. Shares issuance of 60.0 million Subscription Shares to the Subscribers (Shares Issuance).

2. Renounceable rights issue of up to 236,659,300 Rights Shares on the basis of 1 Rights Share for every 1 existing FSBM Share held, together with up to 118,329,650 free detachable Warrants on the basis of 1 Warrant for every 2 Rights Shares subscribed for, on the Entitlement Date ("Rights Issue with Warrants").

(collectively referred to as "the Proposals").  

Pursuant to Paragraph 9.19(32) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors ("the Board") of FSBM wishes to announce that the Board proposed to varied the utilisation of the proceeds of RM1.2 million, which is part of the proceeds raised from the Rights Issue with Warrants and initially allocated for setting up of Security Operations Center (SOC), by reallocating this proceeds for general working capital purposes (Variation).

Please refer to the attachment for further details.

This announcement is dated 30 September 2025.