We refer to the announcement dated 20 July 2023 in relation to the Company’s application for, among others, the Proposed Relief & PN17 Upliftment (as defined therein). Unless otherwise stated, all terms used herein shall have the same meaning as defined in the said announcement.

On behalf of the Board of Directors of AAX, AmInvestment Bank Berhad wishes to announce that Bursa Securities had, vide its letter dated 18 October 2023, confirmed that it has resolved:

(i) to reject the Company’s application for the Proposed Relief & PN17 Upliftment; and

(ii) to grant the Company an extension of time up to 17 January 2024 to submit its regularisation plan to the regulatory authorities.

In this regard, the Company will consider all available options (including the possibility of an appeal) and announce the next course of action to be undertaken in due course.

This Announcement is dated 19 October 2023.