FACB Industries Incorporated Berhad announced that Board of Directors ("the Board"), Management and Staff of the Company and its subsidiaries ("the Group") announce with great sadness that YBhg Tan Sri Dr. Chen Lip Keong, the Executive President passed away on 8 December 2023. On behalf of all the employees of the Group, the Board expresses its deepest sorrow over the death of YBhg Tan Sri Dr. Chen Lip Keong and conveys its condolences to his family. The Board acknowledges him for his invaluable contributions and leadership over his 29 years with the Group and will always be remembered.

The Group has an experienced and dedicated Management team and the Board therefore remains confident with the Management's abilities to lead and achieve the Group's initiatives and plans.