The Board of Directors of AAX wishes to announce that the Company intends to seek the approval of its shareholders for the Proposed Amendments at the forthcoming annual general meeting of the Company to be convened.

The Proposed Amendments are made mainly to update the Company's Constitution so as to ensure compliance with the amended Main Market Listing Requirements of Bursa Malaysia Securities Berhad, and to provide clarity and consistency with the amendments that arise from the Companies Act, 2016.

The details of the Proposed Amendments will be set out in Appendix A of the Notice of Twelfth Annual General Meeting of the Company to be circulated to the shareholders of the Company in due course.

This announcement is dated 25 April 2018.