Pursuant to Paragraph 10.08(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“MMLR”), the Board of Directors of AirAsia X Berhad (“AAX” or “the Company”) wishes to announce that the Company and AirAsia Berhad (“AAB”) have on 10 November 2019 entered into the Profit Sharing Agreement (“Agreement”) to govern the terms and conditions of a profit sharing arrangement in relation to the transfer of two (2) slots of Kuala Lumpur – Singapore route (“Airport Slots”) from AAB to the Company (“Transaction”).

Please refer to the attachment for further details.

This announcement is dated 11 November 2019.