We are pleased to announce the proposed issuance by Maybank IB of up to 100,000,000 European style non-collateralised cash settled put warrants over the AAX Shares.

AAX-HB is constituted by the Deed Poll dated 20 November 2025 executed by us for the Structured Warrants, as supplemented from time to time. AAX-HB is subject to the terms and conditions of the Base Prospectus dated 8 December 2025, the First Supplementary Base Prospectus dated 25 February 2026 and the Term Sheet dated 27 March 2026.

AAX-HB is to be listed on the Structured Warrants Board of Bursa Malaysia Securities Berhad. A summary of the principal terms of AAX-HB is set out in the attachment.