Reference is made to the earlier announcements made on 18 August 2020, 10 September 2020, 9 October 2020, 19 October 2020, 21 October 2020, 26 October 2020, 26 November 2020, 6 March 2025, 28 November 2025 and 3 December 2025 in relation to the rights issue of 2,044,266,042 ICPS together with 3,066,399,051 free detachable warrant D (Rights Issue of ICPS with Warrants). The Company had on 3 December 2020 announced to Bursa Malaysia Securities Berhad on the completion of the Rights Issue of ICPS with Warrants that the Company raised a total proceed of RM112,434,632.

The Board of Directors (Board) of Focus wishes to inform that as at 24 June 2026, the Company has yet to fully utilise the proceeds raised from the Rights Issue of ICPS with Warrants and the Board requires additional time to utilise the balance proceeds amounting to approximately RM2.779 million for the renovation, fixtures and fittings and working capital for the Arch (Extension of Time).
 

The Board has resolved to extend the time frame for the utilisation of the said proceeds to another 12 months from the completion of the Arch (Revised Time Frame) to provide additional time for the Group to utilise the balance of proceeds for the renovation, fixtures and fittings and working capital for the Arch. Details of the Revised Time Frame are as set out in the table below:

The Revised Time Frame does not require the approval of any regulatory authorities or the shareholders of Focus.

The Board, having considered all aspects of the proposed Extension of Time, is of the opinion that it will not have material adverse effect on the financial performance of the Group and is in the best interest of the Group.

The Company shall continue to be vigilant and prudent in managing the remaining proceeds raised from the Rights Issue of ICPS with Warrants and will continue to disclose the status of the utilisation in the Company's quarterly results and annual reports until it is fully utilised.

This announcement is dated 24 June 2026.