We wish to announce that FFB-CR had expired at 9.00 a.m. on 6 November 2023 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:

Cash Settlement Amount
= Number of FFB-CR exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price) 
= Number of FFB-CR exercised x (1/2) x (RM1.1816 - RM1.6000) 
= Number of FFB-CR exercised x RM0.0000 

The Closing Price of RM1.1816 is the average daily volume weighted average price (VWAP) of the ordinary shares of FFB on Bursa Malaysia Securities Berhad for the five (5) market days prior to and including the market day immediately before the Expiry Date. The FFB-CR is deemed to have been automatically exercised on the Expiry Date.

As the Cash Settlement Amount is less than Zero, warrantholders will not be entitled to receive any payment from us and all outstanding and unexercised FFB-CR will cease to be valid and all our obligations in respect to FFB-CR shall terminate absolutely.

This announcement is dated 6 November 2023.