Unless otherwise defined, the abbreviations and definitions used throughout this announcement shall have the same meaning as those defined in the announcement dated 9 May 2022 in relation to the Proposals.

We refer to the announcements dated 9 May 2022 and 3 June 2022.

On behalf of the Board of Directors of Affin, Affin Hwang Investment Bank Berhad wishes to announce that Bank Negara Malaysia (“BNM”) has granted approval to Affin to acquire 30% voting shares in a new locally incorporated company to be established for the purpose of holding direct equity interest in shares in AAGI and AALI in its letter dated 1 July 2022, pursuant to Section 85(1)(b) of the Financial Services Act 2013 read together with Paragraph 8.1(b)(i) of BNM’s Policy Documents on Equity Investments dated 24 December 2019.

This announcement is dated 4 July 2022.