(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, 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 and 5 January 2021 in relation to the Proposals.

On behalf of the Board, Mercury Securities Sdn Bhd is pleased to announce that Bursa Securities has, vide its letter dated 27 January 2021, resolved to grant AAX a further extension of time until 6 April 2021 to submit the application for the Proposed Share Consolidation and the draft Circular to the shareholders of AAX in relation to the Proposals pursuant to Paragraphs 13.16(1) and 9.33(1)(a) of the Main Market Listing Requirements of Bursa Securities respectively.

This announcement is dated 29 January 2021.