The Board of Directors of FMHB wishes to announce that FMHB had on 19 December 2017 disposed 53,000 ordinary shares representing approximately 2% of the equity interest of TCH, a company incorporated in Singapore, to Tay Nguang Yeow, Andrew who is the substantial shareholder and director of TCH, for a total cash consideration of SGD149,000 (equivalent to RM451,470) (“the Disposal”). Consequent thereupon, the equity interest of the Company in TCH be reduced from 51% to 49% and TCH shall cease to be a subsidiary of FMHB but will be regarded as an associate company of FMHB.

The Disposal is not expected to have any material effect on the share capital, shareholding structure, gearing, and net assets of FMHB.

Save for Chew Chong Keat who is the common director of FMHB and TCH, none of the other directors and/or major shareholders of FMHB or persons connected to the directors and/or major shareholders of FMHB have any interest, direct or indirect in the Disposal.

The Board of Directors of FMHB is of the opinion that the above disposal is in the best interest of FMHB.

This announcement is dated 19 December 2017.