We refer to the announcements dated 28 August 2025, 13 October 2025, 10 November 2025, 25 November 2025, 26 February 2026, 27 March 2026, 26 May 2026 and 8 June 2026 in relation to the non-compliance with Public Shareholding Spread.
As at 10 August 2026, the Public Shareholding Spread of FACB stands at 8.875% (excluding treasury shares). Accordingly, FACB is still not in compliance with the Public Shareholding Spread requirement under Paragraph 8.02(1) of the Listing Requirements.
As the Public Shareholding Spread is less than 10% (excluding treasury shares), pursuant to Paragraph 16.02(2) of the Listing Requirements, Bursa Securities had suspended the trading of the Company's shares with effect from 22 July 2026. The suspension will only be uplifted by Bursa Securities upon full compliance with the required Public Shareholding 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 Shareholding Spread requirement under Paragraph 8.02(1) of the Listing Requirements.
As at the date of this announcement, the Company has yet to formulate any rectification plan to address compliance with the Public Shareholding Spread requirement. Notwithstanding that, FACB had applied to Bursa Securities for an extension of time to rectify the non-compliance with Public Shareholding Spread, and 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 27 August 2026.