Founder Group Limited Announces 100 for 1 Share Combination

SELANGOR, Malaysia, Aug. 27, 2026 (GLOBE NEWSWIRE) — Founder Group Limited (“FGL” or the “Company”) today announced that the authorised, issued, and outstanding shares of the Company will be combined on a 100 for 1 ratio with the marketplace effective date of September 1, 2026.

The objective of the share combination is to enable the Company to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) and maintain its listing on Nasdaq.

Beginning with the opening of trading on September 1, 2026, the Company’s Class A shares of no par value each (the “Class A Shares”) will trade on the Nasdaq Capital Market on an adjusted basis, under the same symbol “FGL” but under a new CUSIP number, G3662E147.

As a result of the share combination, each 100 ordinary shares outstanding will automatically combine and convert to one issued and outstanding ordinary share without any action on the part of the shareholders. Each shareholder who holds fractional shares following, and as a result of, the share combination, will be issued with such bonus shares as is necessary to ensure that their shareholding is rounded up to the nearest whole number.

Immediately prior to the share combination, 7,369,159 Class A Shares and 186,358 Class B shares of no par value each (the “Class B Shares”) are issued and outstanding. As a result of the share combination, (i) the number of total issued and outstanding Class A Shares will be approximately 73,693, and (ii) the number of total issued and outstanding Class B Shares will be approximately 1,865 Class B Shares.