Pursuant to Paragraph 9.19(37) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Avillion Berhad (“the Company”) wishes to announce that the Company’s External Auditors, Messrs. Baker Tilly Monteiro Heng PLT, despite stating their opinion that the Financial Statements give a true and fair view of the financial position of the Group and of the Company, had indicated the existence of a material uncertainty related to going concern in respect of the Company’s Audited Financial Statements for the Financial Year Ended 31 March 2023.

Please refer to the attachments for details.

This announcement is dated 31 July 2023.