Fu Yu Corporation Limited Issues Corporate Updates with Potential Price Sensitive Implications

Fu Yu Corporation Limited has released a comprehensive update to shareholders, detailing several significant developments that may impact the Group’s future direction and share value.

1. Reinstatement of Mr Victor Lim Wei De’s Employment

The Board has decided to reinstate Mr Victor Lim Wei De as Director of Strategy, effective 1 November 2025. This move follows a review that highlighted Mr Lim’s ability to contribute to the Group’s strategic direction. While this reinstatement is not classified under Rule 704(7) of the SGX-ST Listing Manual at present, shareholders should note that any future change in Mr Lim’s position that triggers Rule 704(7) will be announced accordingly.

• Key Implication: The return of a senior leader in a strategic role could signal upcoming shifts in corporate strategy and leadership dynamics, potentially impacting future growth and share performance.

2. Change of Corporate Legal Representative in PRC Subsidiaries

Fu Yu Corporation is appointing Mr Victor Lim as the new legal representative for its wholly-owned subsidiaries in China, replacing Mr Seow Jun Hao David. The affected subsidiaries include:

• Fu Yu Moulding & Tooling (Dongguan) Co., Ltd.
• Fu Yu Moulding & Tooling (Suzhou) Co., Ltd.
• Fu Yu Moulding & Tooling (Zhuhai) Co., Ltd.
• Fu Yu Moulding & Tooling (Shanghai) Co., Ltd. (dormant and in liquidation)
• Fu Yu Moulding & Tooling (Chongqing) Co., Ltd. (dormant and in liquidation)

The registration process with PRC authorities is expected to take 1-2 months, barring unforeseen circumstances.

• Key Implication: Leadership changes in key subsidiaries, especially in China, may affect operations, regulatory compliance, and strategic execution in a major market. Investors should monitor for further announcements upon completion of these registrations.

3. Corporate Social Responsibility – Donation of Salary to Charity

Demonstrating its commitment to corporate social responsibility, the Group and Mr Victor Lim have agreed that his salary during the period from cessation to reinstatement of employment will be donated to charity.

• Key Implication: This action reinforces the Group’s focus on positive societal impact and may enhance the company’s reputation among ESG-focused investors.

4. Board Appointment Application by Mr Victor Lim

Mr Victor Lim has submitted an application to join the Board. The Nominating Committee is currently reviewing this application. Further announcements will be released upon any material developments.

• Key Implication: Potential Board changes could materially affect corporate governance and strategic direction. Investors should watch for updates, as a Board appointment is typically price sensitive.

5. Internal Operational Review Initiated

The Board is conducting an internal operational review aimed at enhancing efficiency, operational performance, and governance. This includes a comprehensive assessment of current and future strategies to ensure optimal positioning for growth.

• Key Implication: Operational reviews often precede significant changes such as restructuring, cost optimizations, or strategic pivots. Material findings or developments from this review will be announced, and could have a direct impact on shareholder value.

Conclusion

The updates provided by Fu Yu Corporation Limited are significant and potentially price sensitive. They signal possible changes in leadership, corporate structure, and strategic direction, while also enhancing the company’s ESG profile through charitable actions. Investors are advised to monitor further announcements closely, as any material developments—especially regarding Mr Victor Lim’s roles and the internal review—could influence the value of their holdings.

Disclaimer: The information provided above is for informational purposes only and does not constitute investment advice or an offer to buy or sell any securities. Investors should conduct their own due diligence and consult with financial advisors before making investment decisions. The views expressed are based on currently available information and may change as new details emerge from the company.

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