Core Viewpoint - FSM Holdings has been sanctioned by the U.S. Treasury Department's Office of Foreign Assets Control due to allegations involving its executive director Li Thet's participation in a multinational criminal organization related to fraud and money laundering activities [1] Group 1: Company Actions - Following the announcement, the company has taken immediate measures to ensure compliance with applicable laws and regulations [1] - An internal assessment has been initiated to evaluate any potential impacts on the company [1] - The company is seeking professional advice to assess and handle the situation, with plans to issue further announcements as appropriate [1] Group 2: Executive Changes - Li Thet has resigned from his positions as executive director of the company, its subsidiaries, and associated companies, effective October 21, 2025 [1] - As a result of his resignation, Li Thet will no longer serve as the chairman of the board and the chairman of the nomination committee from October 21, 2025 [1]
FSM HOLDINGS：Li Thet辞任执行董事