Favelle Favco Berhad (“Ffb” or “the Company”) – Offer and Grant of Options Under the Employees’ Share Option Scheme (“Esos”) Pursuant to the Employees’ Share Issuance Scheme (“Sis”)

1.

Date of offer of the options

:

21 September 2022

2.

Exercise price of options offered

:

RM1.45

3.

Number of options offered

:

20,168,000

4.

Closing Market price of the Company's shares on the date of offer

:

RM1.58

5.

Number of options offered to the Executive Directors

:

Mac Chung Hui

(Managing Director/Chief Executive Officer)

Mac Ngan Boon @ Mac Yin Boon

Lee Poh Kwee

Mazlan Bin Abdul Hamid

(Executive Director)

 1,750,000  

1,600,000

1,450,000

1,450,000

6.

Vesting period of the options or share offered

:

Subject to fulfilment certain vesting conditions by the Eligible Persons, such number of shares to be vested over the tenure of the option period till on 26 July 2027, being the end of the 5-year period from the effective date of the implementation of SIS.