AirAsia X

Reference is made to the Company’s announcements dated 29 October 2021, 1 November 2021, 1 December 2021, 3 January 2022, 3 February 2022, 1 March 2022, 1 April 2022, 5 May 2022, 1 June 2022, 1 July 2022, 1 August 2022, 1 September 2022, 3 October 2022, 12 October 2022, 2 November 2022, 1 December 2022, 3 January 2023, 2 February 2023, 2 March 2023, 3 April 2023, 12 April 2023, 2 May 2023, 9 May 2023, 2 June 2023, 3 July 2023 and 20 July 2023 (“Announcements”).

(Unless otherwise stated, all abbreviations and terms used in this announcement shall have the same meanings as those defined in the Announcements.)

On 20 July 2023, AmInvestment Bank Berhad had, on behalf of the Company submitted an application to Bursa Securities for the following:-

1. a relief from having to submit and implement a regularisation plan as required under Paragraph 8.04(3)(a) of the Main Market Listing Requirements of Bursa Securities (“Listing Requirements”); and
2. an upliftment of AAX from being classified as an affected listed issuer under Practice Note 17 of the Listing Requirements.

(collectively, the “Proposed Relief & PN17 Upliftment”)

Pending the decision from Bursa Securities on the application for the Proposed Relief & PN17 Upliftment, the Company had also vide the same application, applied to Bursa Securities for a further extension of time of three (3) months from 29 July 2023 to 28 October 2023 for the Company to submit a regularisation plan to the regulatory authorities in the event it does not receive Bursa Securities’ approval for the Proposed Relief & PN17 Upliftment.

As of 2 August 2023, Bursa Securities’ decision on the application for the Proposed Relief & PN17 Upliftment is pending. The Company shall make the necessary announcement(s) with regard to any material development thereof accordingly.

This announcement is dated 2 August 2023.