The Board of Directors of KSB ("Board") wishes to inform that Khee San Food Industries Sdn Bhd ("KSFI") was notified on 21 August 2026, that six (6) of KSFI's bank accounts (collectively the "Accounts") maintained with a bank have been frozen following an investigation pursuant to the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 ("AMLA"). KSFI is a wholly-owned subsidiary of KSB.
The Accounts are actively utilised to support the day-to-day operations of the Group. The Company is currently taking the necessary steps to resolve the matter and will extend its full cooperation to the relevant authorities in connection with any investigation.
Based on the information currently available to the Board, the freezing of the Accounts is expected to cause some disruption to the Group's operations. However, the Board is of the view that, at this juncture, the matter is not expected to have a material financial impact on the Group.
The Board will make further announcements as and when there are any material developments in relation to the matter.
This announcement is dated 21 August 2026.