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Founder Group Limited Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency

1. FGL received a notice from Nasdaq for non-compliance with listing requirements. 2. The minimum bid price fell below $1 for 30 consecutive business days. 3. FGL has 180 days to regain compliance, until May 5, 2026. 4. If not compliant, FGL can seek an additional 180 days under specific conditions. 5. FGL is evaluating options to regain compliance with Nasdaq requirements.

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FAQ

Why Bearish?

FGL is at risk of delisting, which decreases investor confidence. Historical cases show similar stocks faced steep declines after delisting notifications.

How important is it?

The compliance notification directly affects FGL's trading status and market perception, raising concerns for investors.

Why Short Term?

The compliance period of 180 days creates imminent risk. Market reactions to such news are typically quick.

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TSLAGOOGNIO
SELANGOR, Malaysia, Nov. 12, 2025 (GLOBE NEWSWIRE) -- Founder Group Limited (“FGL” or the “Company”), today announced that on November 6, 2025, the Company received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, based on the closing bid price of its Class A Ordinary Shares over the past 30 consecutive business days, the Company no longer meets the continued listing requirement of Nasdaq under Nasdaq Listing Rules 5550(a)(2) to maintain a minimum bid price of $1 per share. The notification has no immediate effect on the listing or trading of the Company’s Class A Ordinary Shares on Nasdaq. Nasdaq has provided the Company with a 180 calendar days compliance period, or until May 5, 2026, in which to regain compliance with Nasdaq continued listing requirement. In the event that the Company does not regain compliance in the compliance period, the Company may be eligible for an additional 180 calendar days, should the Company meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and is able to provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary. However, if it appears that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible, Nasdaq will provide notice that the Company’s securities will be subject to delisting. The Company is currently evaluating options to regain compliance and intends to timely regain compliance with Nasdaq’s continued listing requirement. Although the Company will use all reasonable efforts to achieve compliance with Rule 5550(a)(2), there can be no assurance that the Company will be able to regain compliance with that rule or will otherwise be in compliance with other Nasdaq continued listing requirement. About Founder Group Limited Founder Group Limited is a pure-play, end-to-end EPCC solutions provider for solar PV facilities in Malaysia. The Company’s primary focus is on two key segments: large-scale solar projects and commercial and industrial (C&I) solar projects. The Company’s mission is to provide customers with innovative solar installation services, promote eco-friendly resources and achieve carbon-neutrality. For more information on the Company, please log on to https://www.founderenergy.com.my/. Safe Harbor Statement This press release contains forward-looking statements that reflect our current expectations and views of future events, including but not limited to, the Company’s proposed Offering. Known and unknown risks, uncertainties and other factors, including those listed under “Risk Factors” in the registration statement on Form F-1 related to the Offering, may cause our actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. You can identify some of these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events that we believe may affect our financial condition, results of operations, business strategy and financial needs. These forward-looking statements involve various risks and uncertainties. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. We qualify all of our forward-looking statements by these cautionary statements. Contact Information: Founder Group Limited Contact:Eric LeeChief Executive OfficerTelephone +03-3358 5638Email: ericlee@founderenergy.com.my Investor Relations Inquiries:Skyline Corporate Communications Group, LLCScott Powell, President1177 Avenue of the Americas, 5th FloorNew York, New York 10036Office: (646) 893-5835Email: info@skylineccg.com

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