(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcements dated 6 October 2020, 14 December 2020, 18 October 2021 and 12 November 2021, where applicable, unless stated otherwise or defined herein.)

We refer to the announcements dated 18 October 2021 and 12 November 2021 in relation to the Proposed Debt Restructuring involving the Scheme Creditors.

On behalf of the Board of Directors of AAX, Mercury Securities Sdn Bhd wishes to announce that the CCM for Class B Creditors has concluded and the Proposed Debt Restructuring has been approved by 97.5595% of the Class B Creditors present and voting either in person or by proxy at the said CCM.

For the avoidance of doubt, the Proposed Debt Restructuring is only approved if the requisite majority of 75% of Class C Creditor also approves the same at its CCM. Further announcement will be made once the CCM for Class C Creditor has been concluded.

This announcement is dated 12 November 2021.