FSM HOLDINGS (01721): Li Thet resigns as executive director.

FSM Holdings (01721) announced that it has learned of a news release issued by the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury on October 14, 2025, which designated (including) the company's executive director Li Thet for alleged involvement in international criminal organization network fraud and money laundering activities related to the Tai Zi Group and imposed sanctions on him. Upon learning of the news release, the company immediately took measures to ensure full compliance with applicable laws and regulations, and initiated an internal assessment of any potential impact on the company. The company is currently seeking professional advice to assess and address the situation and will issue a separate announcement at the appropriate time. Li Thet has resigned from his position as executive director of the company, its subsidiaries, and affiliates effective from October 21, 2025, in order to devote more time to his other commitments and business ventures. As a result, Li Thet will no longer serve as chairman of the board and chairman of the nomination committee of the company from October 21, 2025.