We refer to the announcements of FACB Industries Incorporated Berhad (the "Company") dated 28 August 2025, 13 October 2025, 10 November 2025, 25 November 2025, 26 February 2026, 27 March 2026 and 26 May 2026 in relation to the non-compliance with Public Shareholding Spread.
Based on the record of depositors of the Company dated 5 June 2026 (which was obtained today on 8 June 2026), the percentage of shares held by public shareholders of the Company (the "Public Shareholding Spread") stands at 8.875% of its total listed shares (excluding treasury shares), which is less than the minimum requirement of at least 25% of the total listed shares (excluding treasury shares) being in the hands of public shareholders as stipulated under Paragraph 8.02(1) of the Listing Requirements (the "Public Spread Requirement").
As the Public Shareholding Spread is less than 10% (excluding treasury shares), pursuant to Paragraph 16.02(2) of the Listing Requirements, Bursa Securities shall suspend the trading of the Company's shares on the market day immediately after the expiry of 30 market days from the date of this announcement. Accordingly, the suspension will be effected on 22 July 2026.
Once the suspension pursuant to Paragraph 16.02(2) of the Listing Requirements is effected, it will only be uplifted by Bursa Securities upon full compliance with the required Public Spread Requirement or as may be determined by Bursa Securities.
Notwithstanding the above, Bursa Securities had vide its letter dated 26 March 2026 granted the Company an extension of time of six (6) months until 27 August 2026 to comply with the Public Spread Requirement.
As at the date of this announcement, the Company has yet to formulate any rectification plan to address compliance with the Public Spread Requirement. The Company will continue to monitor the level of the Public Shareholding Spread and make the necessary announcement in the event of any development on the above in accordance with the Listing Requirements.
This announcement is dated 8 June 2026.