FSM HOLDINGS(01721): The restriction order mainly involves Mr. Li's personal assets, not any assets, business, or operations of the Group.

FSM Holdings (01721) Announcement: The board of directors of the company has noted that hk01.com published a news report on May 13, 2026 (the "Report"), which includes information regarding an alleged restraining order by the Hong Kong High Court on Mr. Li's assets (including several securities of the company) (referred to as "the Matter"). After conducting all necessary inquiries, the board of directors hereby clarify and inform the shareholders and potential investors of the company as follows: (1) Based on the information currently available to the company, the company and any other member companies of the group are not parties to the legal proceedings described in the Report. Apart from the company's equity held by Mr. Li as the controlling shareholder (as disclosed in sanction announcements and other public disclosure documents of the company), it has been ascertained after thorough inquiry that no directors, senior management or employees of the group are involved in any activities related to the Matter; (2) As stated in the Report, the Matter primarily concerns Mr. Li's personal assets, and not any assets, business, or operations of the group. The impact of the Matter on the business operations and financial condition of the group, if any, is still being evaluated; and (3) Apart from the announcements made in this announcement, sanction announcements, and other announcements posted on the website of the Hong Kong Stock Exchange, the board of directors is not aware of any other information related to the Matter that constitutes insider information and must be disclosed in accordance with the insider information provisions. The company will continue to monitor the developments of the Matter and issue further announcements at the appropriate time in accordance with the Listing Rules and other applicable laws and regulations.