AirAsia X

(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcements dated 25 April 2024, 26 July 2024 and 4 September 2024 in relation to the Proposals and Proposed Granting of Subscription Options, where applicable, unless stated otherwise or defined herein.)

Reference is made to the Company’s announcements dated 25 April 2024, 26 July 2024, 1 August 2024 and 4 September 2024 in relation to the Proposals and Proposed Granting of Subscription Options.

On behalf of the Board, Interpac wishes to announce that Bursa Securities has, vide its letter dated 11 September 2024, resolved to approve the following:-

(i)         admission to the Official List and listing and quotation of up to 223,536,401 Warrants to be issued pursuant to the Proposed Issuance of Free Warrants;

(ii)         listing and quotation of up to 223,536,401 new Shares to be issued arising from the exercise of the Warrants;

(iii)        listing and quotation of up to 1,000,000,000 Placement Shares to be issued pursuant to the Proposed Private Placement;

(iv)        listing and quotation of 2,307,692,307 Consideration Shares to be issued pursuant to the Proposed AAAGL Acquisition; and

(v)        listing and quotation of up to 450,571,813 Subscription Shares to be issued pursuant to the exercise of the Subscription Options.

The approval granted by Bursa Securities for the above is subject to the following conditions:-

(i)         AAX and Interpac must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposals and Proposed Granting of Subscription Options;

(ii)         AAX or Interpac is required to furnish Bursa Securities with a certified true copy of the resolution passed by shareholders in general meeting approving the Proposals and Proposed Granting of Subscription Options;

(iii)        AAX and Interpac are required to inform Bursa Securities upon completion of the Proposals and Proposed Granting of Subscription Options;

(iv)        AAX is required to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposals and Proposed Granting of Subscription Options are completed;

(v)        AAX and Interpac are required to provide a written confirmation that the terms of the Warrants are in compliance with Paragraph 6.54(3) of the Listing Requirements;

(vi)        Interpac is required to furnish Bursa Securities with details of the placees in accordance with Paragraph 6.15 of the Listing Requirements as soon as practicable after each tranche of placement and before the listing of the new shares to be issued pursuant to the Proposed Private Placement;

(vii)       AAX must comply with the public security holding spread requirements pursuant to Paragraph 8.02(1) of the Listing Requirements at all times upon listing and quotation of the Placement Shares, Consideration Shares and Subscription Shares respectively; and

(viii)      AAX is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of Warrants and Subscription Options respectively as at the end of each quarter together with a detailed computation of listing fees payable.

This announcement is dated 12 September 2024.