Core Viewpoint - Founder Group Limited has received a notification from Nasdaq indicating non-compliance with listing requirements due to insufficient publicly held shares, but this does not immediately affect trading [1][2]. Group 1: Company Compliance and Nasdaq Notification - The Company was notified on February 17, 2026, that it no longer meets the minimum requirement of 500,000 publicly held shares under Nasdaq Listing Rule 5550(a)(4) [1]. - The Company has until April 3, 2026, to submit a plan to Nasdaq to regain compliance with listing requirements [2]. Group 2: Company Overview - Founder Group Limited specializes in end-to-end Engineering, Procurement, Construction, and Commissioning (EPCC) solutions for solar photovoltaic (PV) facilities in Malaysia [3]. - The Company focuses on large-scale solar projects and commercial and industrial (C&I) solar projects, aiming to promote eco-friendly resources and achieve carbon neutrality [3].

Company Overview - Founder Group Limited is a pure-play, end-to-end EPCC solutions provider for solar PV facilities in Malaysia, focusing on large-scale solar projects and commercial and industrial (C&I) solar projects [5] Share Combination Announcement - The Company announced a share combination on a 100 for 1 ratio, effective February 10, 2026, to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) and maintain its listing on Nasdaq [1] - Following the share combination, the number of total issued and outstanding Class A Shares will be approximately 321,781, and Class B Shares will be approximately 93,247 [4] Trading Information - Beginning February 10, 2026, the Company's Class A Shares will trade on the Nasdaq Capital Market under the same symbol "FGL" but with a new CUSIP number, G3662E121 [2]

Core Points - Founder Group Limited ("FGL") has received a notification from Nasdaq indicating that it no longer meets the minimum bid price requirement of $1 per share for continued listing [1][2] - The company has a compliance period of 180 calendar days, until May 5, 2026, to regain compliance with Nasdaq's listing requirements [2] - If compliance is not achieved within this period, the company may be eligible for an additional 180 days, provided it meets other listing standards and intends to cure the deficiency [2][3] - The company is currently evaluating options to regain compliance and is committed to making reasonable efforts to meet Nasdaq's requirements [3] Company Overview - Founder Group Limited is a provider of end-to-end Engineering, Procurement, Construction, and Commissioning (EPCC) solutions for solar photovoltaic (PV) facilities in Malaysia [4] - The company's primary focus is on large-scale solar projects and commercial and industrial (C&I) solar projects [4] - The mission of the company is to provide innovative solar installation services, promote eco-friendly resources, and achieve carbon neutrality [4]