Lee Seng Chi Increases Position in Founder Group Ltd Following Share Split and Bonus Grant

Lee Seng Chi filed an Amendment No. 1 to Schedule 13D for Founder Group Ltd (FGL) on July 20, 2026, reporting a beneficial ownership of 1,665,060 shares, representing 6.24% of the class. This filing reflects changes following a 100-for-1 reverse share split implemented by the company on February 10, 2026. Subsequent to the split, the reporting person held 26,080 Class A shares and 51,949 Class B shares. On June 11, 2026, Lee Seng Chi was granted an additional 30,000 Class B shares as a bonus for the successful procurement of engineering, procurement, construction, and commissioning contracts for large-scale solar photovoltaic plants in Malaysia. The beneficial ownership calculation assumes the conversion of all Class B shares into Class A shares on a one-for-one basis. Class B shares carry significant voting power, with twenty votes per share compared to one vote per share for Class A. The reporting person holds sole voting and dispositive power over the reported securities.