Founder Group director reports 2.38% stake

Founder Group Ltd has two reporting persons disclosing beneficial ownership of its Class A shares listed on the Nasdaq Capital Market under the symbol FGL.

Rhea-AI Filing Summary

Founder Group Ltd has two reporting persons disclosing beneficial ownership of its Class A shares listed on the Nasdaq Capital Market under the symbol FGL. Thien Chiet Chai, a non-executive director of the company and an executive director of Reservoir Link Energy Bhd, reports beneficial ownership of 2.38% of the Class A shares on an as-converted basis, with sole voting and dispositive power over 825,980, representing 41,299 Class B shares.

Reservoir Link Energy Bhd reports beneficial ownership of 4.42% of the Class A shares on an as-converted basis, with sole voting and dispositive power over 456,500, representing 56,500 Class A shares and 20,000 Class B shares. Class B shares are convertible into Class A shares on a one-for-one basis and carry twenty votes per share versus one vote for each Class A share. A 100-for-1 reverse share split occurred on February 10, 2026, and on June 11, 2026, Thien Chiet Chai received a bonus grant of 20,000 Class B shares for securing large solar photovoltaic plant contracts in Malaysia. The reporting persons state they have no specific current plans for major corporate actions but may review and change their intentions over time.

Key Figures

Thien Chiet Chai beneficial ownership: 2.38 % Reservoir Link Energy Bhd beneficial ownership: 4.42 % Thien Chiet Chai sole voting power: 825,980.00 +5 more

8 metrics

Thien Chiet Chai beneficial ownership 2.38 % Percent of Class A shares on an as-converted basis

Reservoir Link Energy Bhd beneficial ownership 4.42 % Percent of Class A shares on an as-converted basis

Thien Chiet Chai sole voting power 825,980.00 Number recorded as sole voting and dispositive power

Reservoir Link Energy Bhd sole voting power 456,500.00 Number recorded as sole voting and dispositive power

Thien Chiet Chai Class B shares 41,299 Class B shares owned directly and beneficially

Reservoir Link Energy holdings 56,500 Class A; 20,000 Class B Holdings after 100-for-1 reverse share split on February 10, 2026

Reverse share split ratio 100-for-1 Implemented by the company on February 10, 2026

Total shares on as-converted basis 1,731,736 Total Class A shares assuming conversion of all Class B shares

Key Terms

Schedule 13G, reverse share split, beneficial ownership, dispositive power, +2 more

6 terms

Schedule 13G regulatory

"If the filing person has previously filed a statement on Schedule 13G to report"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

reverse share split financial

"On February 10, 2026, the Company implemented a 100-for-1 reverse share split,"

A reverse share split is when a company reduces the number of its shares outstanding by combining multiple shares into one, effectively increasing the price of each share. For investors, this can help improve the company's image or meet stock exchange listing requirements, but it does not change the total value of their investment. It’s similar to turning many small pieces of a puzzle into fewer larger pieces—nothing new is added or lost, just rearranged.

beneficial ownership financial

"This statement of beneficial ownership on"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

dispositive power financial

"Sole Dispositive Power 825,980.00"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

Class B Shares financial

"Represents 41,299 class B shares (the "Class B Shares") of Founder Group Ltd"

Class B shares are one type of a company’s stock that carries a specific set of rights — often different voting power or dividend rules compared with other classes. For investors, that affects influence over company decisions and potential income: owning Class B might mean fewer or more votes per share or different claim on profits, like having a different seat at a decision table or a different slice of the payout pie.

Nasdaq Capital Market market

"Class A shares of the Issuer are listed on the Nasdaq Capital Market under"

The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What ownership stakes in Founder Group Ltd (FGL) are reported by Thien Chiet Chai and Reservoir Link Energy Bhd?

Thien Chiet Chai reports 2.38% beneficial ownership of Founder Group Ltd Class A shares on an as-converted basis, representing 41,299 Class B shares. Reservoir Link Energy Bhd reports 4.42%, representing 56,500 Class A and 20,000 Class B shares.

How did the 100-for-1 reverse share split affect reported holdings in Founder Group Ltd (FGL)?

On February 10, 2026, the company implemented a 100-for-1 reverse share split. After completion, Reservoir Link Energy Bhd held 56,500 Class A and 20,000 Class B shares, while Thien Chiet Chai held 21,299 Class B shares, forming the base for later ownership changes.

What Class B share bonus did Thien Chiet Chai receive from Founder Group Ltd (FGL)?

On June 11, 2026, Thien Chiet Chai received a grant of 20,000 Class B shares as bonus payments. The grant recognized successful procurement of contracts for engineering, procurement, construction and commissioning of multiple large-scale solar photovoltaic plants in Malaysia.

What voting rights do Class A and Class B shares of Founder Group Ltd (FGL) carry?

Each Class A share carries one vote, while each Class B share carries twenty votes. Class B shares are convertible into Class A shares on a one-for-one basis, so economic interests can align while voting power remains concentrated in Class B holdings.

Do the reporting persons indicate any control or strategic plans regarding Founder Group Ltd (FGL)?

They state they currently have no present plans for specific transactions such as mergers or major restructurings. However, they may review and change their position over time and may seek to influence management or the board regarding the issuer's business and affairs.

What total share base is used to calculate ownership percentages in Founder Group Ltd (FGL)?

Ownership percentages are calculated assuming all Class B shares convert into Class A on a one-for-one basis. On this as-converted basis, the total number of Class A shares is 1,731,736, according to information provided by the issuer.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/20/2026 - 08:52 AM Accepted by SEC EDGAR 07/20/2026 - 08:51 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

Founder Group Ltd

(Name of Issuer)

Class A Shares

(Title of Class of Securities)

G3662E121

(CUSIP Number)

Thien Chiet Chai
63, Casaman No. 2, Changkat Intisari, Desa Park City
Kuala Lumpur, N8, 52200
60 12-889 9969

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

06/11/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): G3662E121

1

Name of reporting person

Thien Chiet Chai

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF, OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

MALAYSIA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 825,980.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 825,980.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

825,980.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

2.38 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

Represents 41,299 class B shares (the "Class B Shares") of Founder Group Ltd (the "Issuer"), which were owned directly and beneficially by the Reporting Person. Class B Shares are convertible at any time by the holder thereof into Class A Shares on a one-for-one basis. Each holder of Class A Shares is entitled to one vote per share and each holder of Class B Shares is entitled to twenty votes per share on all matters submitted to holders for vote. The percentage of the Reporting Person's beneficial ownership in class are based on the assumption that all Class B Shares are converted into Class A Shares. The total number of shares on such as-converted basis is 1,731,736, according to information provided by the Issuer.

SCHEDULE 13D

CUSIP Number(s): G3662E121

1

Name of reporting person

Reservoir Link Energy Bhd

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

MALAYSIA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 456,500.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 456,500.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

456,500.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

4.42 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

Represents 56,500 class A shares (the "Class A Shares") of Founder Group Ltd (the "Issuer") and 20,000 class B shares (the "Class B Shares") of Founder Group Ltd (the "Issuer"), which were owned directly and beneficially by the Reporting Person. Class B Shares are convertible at any time by the holder thereof into Class A Shares on a one-for-one basis. Each holder of Class A Shares is entitled to one vote per share and each holder of Class B Shares is entitled to twenty votes per share on all matters submitted to holders for vote. The percentage of the Reporting Person's beneficial ownership in class are based on the assumption that all Class B Shares are converted into Class A Shares. The total number of shares on such as-converted basis is 1,731,736, according to information provided by the Issuer.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Class A Shares
(b)	Name of Issuer: Founder Group Ltd
(c)	Address of Issuer's Principal Executive Offices: No. 17, Jalan Astana 1D, Bandar Bukit Raja 41050 Klang, Selangor Darul Ehsan, MALAYSIA , 41050.
Item 1 Comment: This statement of beneficial ownership on Schedule 13D (this "Schedule 13D") relates to the Class A shares of Founder Group Ltd (the "Issuer"). The Class A shares of the Issuer are listed on the Nasdaq Capital Market under the symbol "FGL."
Item 2.	Identity and Background
(a)	This statement is filed by the entities and persons listed below, all of whom together are referred to herein as the "Reporting Persons": (i) Thien Chiet Chai (ii) Reservoir Link Energy Bhd
(b)	The business address of the No. 17, Jalan Astana 1D, Bandar Bukit Raja 41050 Klang, Selangor Darul Ehsan, Malaysia.
(c)	Thien Chiet Chai is the non-executive director of the Issuer and an executive director of Reservoir Link Energy Bhd.
(d)	During the last five years, neither of the Reporting Persons has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e)	During the last five years, neither of the Reporting Persons has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(f)	See responses to Item 6 on each cover page.
Item 3.	Source and Amount of Funds or Other Consideration
	On February 10, 2026, the Company implemented a 100-for-1 reverse share split, upon completion of which Reservoir Link Energy Bhd held 56,500 Class A shares and 20,000 Class B shares and Thien Chiet Chai held 21,299 Class B shares. On June 11, 2026, Thien Chiet Chai received grant of 20,000 Class B shares by the Issuer as bonus payments for successful procurement of contracts relating to engineering, procurement, construction and commissioning of multiple large scale solar photovoltaic plant in Malaysia.
Item 4.	Purpose of Transaction
	The information set forth in Item 3 above is incorporated into this Item 4 by reference. Except as set forth in this Schedule 13D, the Reporting Persons currently have no present plans or proposals that relate to or would result in any transaction, event or action enumerated in paragraphs (a) through (j) of Item 4 of Schedule 13D. The Reporting Persons may, at any time, and from time to time, review, reconsider and change his position and/or change their purpose and/or develop such plans and may seek to influence management or the board of directors of the Issuer with respect to the business and affairs of the Issuer and may from time to time consider pursuing or proposing such matters with advisors, the Issuer, or other persons.
Item 5.	Interest in Securities of the Issuer
(a)	The responses of the Reporting Persons to Rows 11 and 13, including the footnotes thereto, of the cover page of this Schedule 13D are hereby incorporated herein by reference.
(b)	The responses of the Reporting Persons to Rows 7, 8, 9 and 10, including the footnotes thereto, of the cover page of this Schedule 13D are hereby incorporated herein by reference.
(c)	Except as set forth in this Schedule 13D, the Reporting Persons have not, to the best of their knowledge, engaged in any transaction with respect to the Issuer's Class A shares during the sixty days prior to the date of filing this Schedule 13D.
(d)	Except as forth in Item 3, no person other than the Reporting Persons is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Class A Shares beneficially owned by the Reporting Persons as reported in this Schedule 13D.
(e)	Not applicable.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Not applicable.
Item 7.	Material to be Filed as Exhibits.
	Not applicable.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Thien Chiet Chai

Signature:	/s/ Thien Chiet Chai
Name/Title:	Thien Chiet Chai
Date:	07/20/2026

Reservoir Link Energy Bhd

Signature:	/s/ Thien Chiet Chai
Name/Title:	Thien Chiet Chai/Executive Deputy Chairman
Date:	07/20/2026