(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcements dated 6 October 2020 and 14 December 2020 in relation to the Proposals and Proposed Debt Restructuring, where applicable, unless stated otherwise or defined herein.)

Reference is made to the announcements dated 6 October 2020, 7 October 2020, 9 October 2020, 4 November 2020, 5 November 2020, 19 November 2020, 14 December 2020, 5 January 2021, 29 January 2021, 22 February 2021, 8 March 2021, 17 March 2021, 23 April 2021, 26 April 2021 and 17 June 2021 in relation to the Proposals and Proposed Debt Restructuring.

On behalf of the Board of Directors of AAX, Mercury Securities wishes to announce that further to the announcement dated 22 February 2021, the High Court of Malaya at Kuala Lumpur had on 15 September 2021 granted an order for, amongst others, an extension of time until 17 March 2022 for AAX to convene separate meetings of the creditors pursuant to Section 366(1) of the Companies Act, 2016 for the purpose of considering and, if thought fit, approving with or without modification the Proposed Debt Restructuring to be proposed by AAX to the creditors.

This announcement is dated 15 September 2021.