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(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 C Creditor has concluded and the Proposed Debt Restructuring has been approved by 100% of the Class C Creditor present and voting either in person or by proxy at the said CCM.

As the requisite majority of 75% of each Class A Creditors, Class B Creditors and Class C Creditor has been obtained at their respective CCMs held today, the Proposed Debt Restructuring has accordingly been approved by the Scheme Creditors.

This announcement is dated 12 November 2021.