We refer to the previous announcements in relation to the Proposals. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcements.

On behalf of the Board, RHB Investment Bank wishes to announce that the issue price for the third and final tranche of the Placement comprising up to 90,464,686 Placement Shares has been fixed at RM0.12 per Placement Share (“Final Tranche”).

The issue price of RM0.12 per Placement Share represents a discount of approximately 0.50% to the five (5)-day VWAP of Avillion Shares up to and including 9 November 2021, being the last market day preceding this Announcement, of RM0.1206 per Avillion Share.

For information purposes, the actual number of Placement Shares to be placed out under the Final Tranche will depend on the level of acceptances by the identified placees.

This Announcement is dated 10 November 2021.