Core Viewpoint - FSM HOLDINGS has been impacted by the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) sanctioning its executive director, Mr. Li Thet, due to alleged involvement in a multinational criminal organization related to fraud and money laundering activities [1] Group 1 - The U.S. Treasury Department's OFAC issued a press release on October 14, 2025, designating Mr. Li Thet for his alleged participation in a criminal organization [1] - Mr. Li Thet has decided to resign from his positions as executive director of the company, its subsidiaries, and associated companies, effective October 21, 2025 [1] - Following his resignation, Mr. Li Thet will no longer serve as the chairman of the board and the chairman of the nomination committee [1]
FSM HOLDINGS(01721.HK)：Li Thet辞任执行董事