【AAX 5238 交流专区】亚航X

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Type	Announcement
Subject	OTHERS
Description	AIRASIA X BERHAD ("AAX" OR THE "COMPANY")REPORT ON THE FINDINGS OF THE INDEPENDENT INTERNAL INQUIRY CONDUCTED BY BDO GOVERNANCE ADVISORY SDN. BHD. ("BDO")
For consistency purposes, abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcements made by the Company on 5 February 2020 and 11 February 2020. Reference is made to the Company’s announcements on 5 February 2020 and 11 February 2020 on the formation of the Board Committee comprising of the Non-executive members of the Board (“Committee”) and the appointment of BDO Governance Advisory Sdn. Bhd. (“BDO”) as the independent expert in assisting the Committee in undertaking the independent review. As an update, the Company wishes to announce that BDO has on 16 March 2020 presented their report on the findings of the independent internal inquiry conducted by BDO to the Committee and circulated the final report to the Committee on 20 March 2020.  The Committee has, upon review of the said report from BDO, accepted the final report issued by BDO. In summary, the findings of BDO are as follows: The Company has a robust aircraft procurement process. The process was complied with and the Company’s aircraft acquisition was justifiable and at prices favourable to the Company. The Company’s sponsorship of the sports team was approved in compliance with its procedures. The sponsorship of the sports team by Airbus was disclosed to and supported by the Board at the relevant time. The sponsorship showed demonstrable benefits to the AirAsia Group and was not linked to any purchase decisions by the Company. Tan Sri Anthony Francis Fernandes and Datuk Kamarudin bin Meranun had properly disclosed their interests to the Board and abstained from discussions and/or decisions relating to the said sponsorships. The report has now been circulated to and accepted by the Board (excluding Tan Sri Anthony Francis Fernandes and Datuk Kamarudin bin Meranun). This announcement is dated 20 March 2020.

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Expiry/Maturity of the securities

AIRASIA X BERHAD

Instrument Category	Securities of PLC
Instrument Type	Warrants
Type Of Expiry	Expiry/Maturity of the securities
Mode of Satisfaction of Exercise/Conversion price	Cash
Exercise/ Strike/ Conversion Price	Malaysian Ringgit (MYR) 0.4600
Exercise/ Conversion Ratio	1 : 1
Settlement Type / Convertible into	Physical (Shares)
Last Date & Time of Trading	18 May 2020 05:00 PM
Date & Time of Suspension	19 May 2020 09:00 AM
Last Date & Time for Transfer into Depositor's CDS a/c	29 May 2020 04:30 PM
Date & Time of Expiry	05 Jun 2020 05:00 PM
Date & Time for Delisting	09 Jun 2020 09:00 AM

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3047791

Attachments AAX - Notice to Warrant Holders.pdf

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2020	31 Mar 2019	31 Mar 2020	31 Mar 2019
		$$'000	$$'000	$$'000	$$'000

1	Revenue	924,092	1,168,804	924,092	1,168,804
2	Profit/(loss) before tax	-549,381	59,517	-549,381	59,517
3	Profit/(loss) for the period	-549,702	43,333	-549,702	43,333
4	Profit/(loss) attributable to ordinary equity holders of the parent	-549,702	43,333	-549,702	43,333
5	Basic earnings/(loss) per share (Subunit)	-13.30	1.00	-13.30	1.00
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	-0.2100		0.0300

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Type	Announcement
Subject	AUDIT REPORT - MODIFIED OPINION / MATERIAL UNCERTAINTY RELATED TO GOING CONCERN MATERIAL UNCERTAINTY RELATED TO GOING CONCERN
Description	AIRASIA X BERHAD ("AAX" or "THE COMPANY") - Issuance of Unmodified Audit Opinion with Emphasis of Matter on material uncertainty relating to going concern in respect of AAX's audited financial statements for the financial year ended 31 December 2019
Pursuant to paragraph 9.19 (37) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of the Company wishes to announce that the Company's external auditors, Messrs Ernst & Young PLT, have issued an unmodified audit opinion with emphasis of matter on material uncertainty relating to going concern, in view of the current economic condition and Covid-19 Pandemic, in respect of AAX's audited financial statements for the financial year ended 31 December 2019. Please refer to the attachment for further details. This announcement is dated 30 July 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3073655

Attachments Attachment - Emphasis of Matter in Audit Opinion.pdf

Type	Announcement
Subject	OTHERS
Description	AIRASIA X BERHAD ("AAX" or "THE COMPANY") - BURSA MALAYSIA SECURITIES BERHAD'S ("BURSA SECURITIES") PN17 RELIEF MEASURES RESULTING IN AAX TRIGERRING SUSPENDED CRITERIA BUT NOT CLASSIFIED AS A PN17 LISTED ISSUER
The Board of Directors of AAX wishes to announce that the Company has triggered the following prescribed criteria set out in Paragraph 8.04 and Paragraph 2.1(a) and 2.1(e) of Practice Note 17 (“PN17”) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Main LR”):- AAX’s shareholders’ equity on a consolidated basis is 25% or less of its share capital (excluding treasury shares) and such shareholders’ equity is less than RM40 million in respect of AAX’s unaudited first quarterly results for the financial period ended 31 March 2020; and AAX’s external auditors, Messrs Ernst & Young PLT, have issued an unmodified audit opinion with emphasis of matter on material uncertainty relating to going concern (“MUGC”) in respect of AAX’s audited financial statements for the financial year ended 31 December 2019 and AAX’s shareholders’ equity on a consolidated basis is 50% or less of its share capital (excluding treasury shares). Bursa Securities had via its letter dated 16 April 2020 granted affected listed issuers relief from complying with the obligations under Paragraph 8.04 and PN17 of the Main LR (“PN17 Relief Measures”) from 17 April 2020 to 30 June 2021 (“Relief Period”). The PN17 Relief Measures will be available to the listed issuer if it triggers any one of the following criteria under PN17 of the Main LR (“Suspended Criteria”):- its shareholders’ equity on a consolidated basis is 25% or less of its share capital (excluding treasury shares) and such shareholders’ equity is less than RM40 million; the auditors have highlighted a MUGC or expressed a qualification on the listed issuer’s ability to continue as a going concern in its latest audited financial statements and its shareholders’ equity on a consolidated basis is 50% or less of its share capital (excluding treasury shares); and default in payment by the listed issuer, its major subsidiary or major associated company, as the case may be, as announced pursuant to paragraph 9.19A of the Main LR and the listed issuer is unable to provide a solvency declaration to Bursa Securities. Under the PN17 Relief Measures:- an affected listed issuer that triggers any of the Suspended Criteria during the Relief Period will not be classified as a PN17 listed issuer and will not be required to comply with the obligations pursuant to Paragraph 8.04 and PN17 of the Main LR for a period of 12 months from the date of triggering the criteria; the affected listed issuer will still be required to make an immediate announcement that it has triggered the Suspended Criteria and the relief provided (“Relief Announcement”); upon the expiry of the 12 months from the Relief Announcement, the affected listed issuer must re-assess its condition and announce whether it continues to trigger any of the criteria in PN17 of the Main LR (“said Announcement”); and if the affected listed issuer continues to trigger any of the criteria in PN17 of the Main LR, it will then be classified as a PN17 listed issuer and must comply with all the obligations under Paragraph 8.04 and PN17 of the Main LR, including the obligation to submit a regularisation plan to the relevant authorities within 12 months from the said Announcement. For the avoidance of doubt, AAX will not be classified as a PN17 listed issuer and will not be required to comply with the obligations pursuant to Paragraph 8.04 and PN17 of the Main LR for a period of 12 months from the date of this announcement. AAX will re-assess its condition and announce whether it continues to trigger any of the prescribed criteria in PN17 of the Main LR upon the expiry of the 12 months from the date of this announcement. This announcement is dated 30 July 2020.

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Type	Announcement
Subject	OTHERS
Description	AIRASIA X BERHAD - Deviation between Unaudited Results and Audited Financial Statements for the financial year ended 31 December 2019
Pursuant to paragraph 9.19(35) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors (“Board”) of AirAsia X Berhad (“AAX” or “the Company”) wishes to announce that there is a deviation of more than 10% between the loss after tax attributable to equity holders of the Company stated in the unaudited fourth quarterly results for the financial period ended 31 December 2019 announced on 27 February 2020 (“Unaudited Results”) and audited financial statements for the financial year ended 31 December 2019 (“Audited Financial Statements”). Please refer to the attachment for further details. This announcement is dated 30 July 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3073660

Attachments Attachment - Deviation between Unaudited Results and Audited Financial Statements.pdf

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2020	30 Jun 2019	30 Jun 2020	30 Jun 2019
		$$'000	$$'000	$$'000	$$'000

1	Revenue	91,444	1,013,468	1,015,536	2,182,272
2	Profit/(loss) before tax	-304,922	-269,333	-854,303	-209,816
3	Profit/(loss) for the period	-305,236	-207,112	-854,938	-163,779
4	Profit/(loss) attributable to ordinary equity holders of the parent	-305,236	-207,112	-854,938	-163,779
5	Basic earnings/(loss) per share (Subunit)	-7.40	-5.00	-20.60	-3.90
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	-0.2300		0.1300

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Type	Announcement
Subject	MULTIPLE PROPOSALS
Description	AIRASIA X BERHAD ("AAX" OR THE "COMPANY")-        PROPOSED DEBT RESTRUCTURING-        PROPOSED CORPORATE RESTRUCTURING COMPRISING:-        (I)        PROPOSED SHARE CAPITAL REDUCTION; AND        (II)        PROPOSED SHARE CONSOLIDATION(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
On behalf of the Board of Directors of AAX, Mercury Securities Sdn Bhd wishes to announce that the Company proposes to undertake the following:- (i)         a debt restructuring scheme with unsecured creditors of the Group pursuant to Section 366 of the Companies Act, 2016 (“Proposed Debt Restructuring”), which entails the following:- (a)        a restructuring of approximately RM63.50 billion of debts to be reconstituted into an acknowledgement of indebtedness by AAX for a principal amount of up to RM200.0 million; and (b)        any balance in excess of the abovementioned reconstituted amount and all other sums after the cut-off date as at 30 June 2020 arising from these debts (including interest, penalty interest etc) shall be waived; (ii)         a corporate restructuring ("Proposed Corporate Restructuring”) as follows:- (a)        a proposed reduction of 90% of the issued share capital of AAX pursuant to Section 116 of the Companies Act, 2016 (“Proposed Share Capital Reduction”); and (b)        a proposed consolidation of every 10 existing ordinary shares in AAX (“AAX Shares”) into 1 AAX Share (“Proposed Share Consolidation”), The details of the Proposals are set out in the attachment. This announcement is dated 6 October 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3094097

Attachments Announcement - Proposals (06.10.2020).pdf

Type	Announcement
Subject	MULTIPLE PROPOSALS
Description	AIRASIA X BERHAD ("AAX" OR THE "COMPANY")PROPOSED FUNDRAISING COMPRISING:-(I)        PROPOSED RIGHTS ISSUE; AND(II)        PROPOSED SHARE SUBSCRIPTION
(The abbreviations used throughout this announcement shall have the same meaning as defined in the announcement dated 6 October 2020 in relation to the Proposed Debt Restructuring and Proposed Corporate Restructuring (“Initial Announcement”), unless stated otherwise or defined herein.) With reference to the Initial Announcement wherein the Company is proposing to undertake the Proposed Debt Restructuring and Proposed Corporate Restructuring, it was made known that the Group intends to raise up to RM500 million, which include raising funds from equity providers in order to reset the airline. Accordingly, on behalf of the Board, Mercury Securities Sdn Bhd wishes to announce that the Company proposes to undertake the following:- (i)         a proposed renounceable rights issue of new ordinary shares in AAX (“AAX Shares” or “Shares”) to raise gross proceeds of up to RM300 million (“Proposed Rights Issue”); and (ii)         a proposed issuance and allotment of new AAX Shares by way of:- (a)        subscription by a special purpose vehicle company incorporated by Dato’ Lim Kian Onn (“SPV”) directly and/or its associates and/or other placees of up to RM200 million Shares. The SPV will commit a minimum subscription of RM50 million, subject to terms and conditions of a share subscription agreement to be entered into (“Share Subscription Agreement”); and (b)        an option for the SPV to subscribe for additional 15% of the enlarged total number of AAX Shares after the Proposed Rights Issue and proposed share subscription above. The option becomes effective when the Share Subscription Agreement becomes unconditional (including amongst others completion of the Proposed Rights Issue). (Collectively, (a) and (b) are referred to as the “Proposed Share Subscription”). (The Proposed Rights Issue and the Proposed Share Subscription are collectively referred to as the “Proposed Fundraising”). The details of the Proposed Fundraising are set out in the attachment. This announcement is dated 14 December 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3113686

Attachments Announcement - Proposed Fundraising (14.12.2020).pdf

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AIRASIA X BERHAD

Date of change	07 Oct 2020
Name	DATO' LIM KIAN ONN
Age	63
Gender	Male
Nationality	Malaysia
Type of change	Redesignation
Previous Position	Non-Independent Director
New Position	Deputy Chairman
Directorate	Non Independent and Non Executive

Qualifications

No	Qualifications	Major/Field of Study	Institute/University	Additional Information
1	Professional Qualification	Member	Institute of Chartered Accountants in England & Wales
2	Professional Qualification	Member	Malaysian Institute of Accountants

Working experience and occupation	Dato' Lim Kian Onn served his articleship with KMG Thomson McLintock in London and was with Andersen Consulting as a consultant from 1981 to 1984. Between 1984 and 1993, he was with Hong Leong Group, Malaysia as an Executive Director in the stockbroking arm responsible for corporate finance, research and institutional sales. Dato' Lim founded the Libra Capital Group in 1994 and co-founded the ECM Libra Group in 2002. He was the Managing Director of ECM Libra Group Berhad (formerly known as ECM Libra Financial Group Berhad) since 16 July 2015 and was subsequently re-designated as the Non-Executive Director on 1 June 2020. He also serves as the Non-Executive Non-Independent Chairman of Plato Capital Limited, a company listed on the Stock Exchange of Singapore, and a trustee of the ECM Libra Foundation.
Family relationship with any director and/or major shareholder of the listed issuer	Nil
Any conflict of interests that he/she has with the listed issuer	Nil
Details of any interest in the securities of the listed issuer or its subsidiaries	Indirect Interest -  175,833,356 Ordinary Shares

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Type	Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID	IQL-08102020-00002
Subject	AIRASIA X BERHAD ("AAX" OR "COMPANY") - PROPOSED DEBT RESTRUCTURING - PROPOSED CORPORATE RESTRUCTURING COMPRISING:- (I) PROPOSED SHARE CAPITAL REDUCTION; AND (II) PROPOSED SHARE CONSOLIDATION (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
Description	Additional information on the Proposals
Query Letter Contents	We refer to your Company’s announcement dated 6 October 2020 in respect of the aforesaid matter. In this connection, kindly furnish Bursa Securities with the following additional information for public release:- 1) To provide the details of the Proposed Debt Restructuring in particular on items 2.1(i), (ii) and (iv). 2) To incorporate the salient terms and conditions of the Proposed Debt Restructuring. 3) To incorporate the effects of the Proposals on the earnings per share, net assets per share, gearing, share capital, substantial shareholders’ direct and/or indirect shareholding, and if relevant, the Group’s structure.
Reference is made to the Company’s announcement dated 6 October 2020 in respect of the Proposals (“Initial Announcement”). Unless otherwise expressed or defined in this announcement, all capitalised terms used herein shall have the same meanings ascribed to them in the Initial Announcement. For details of this announcement, please refer to the attachment below. This announcement is dated 9 October 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3095285

Attachments AAX Announcement - Reply to Query (09.10.2020).pdf

Type	Announcement
Subject	MULTIPLE PROPOSALS
Description	AIRASIA X BERHAD (AAX OR THE COMPANY)- PROPOSED DEBT RESTRUCTURING- PROPOSED CORPORATE RESTRUCTURING COMPRISING:-        ()        PROPOSED SHARE CAPITAL REDUCTION; AND        (II)        PROPOSED SHARE CONSOLIDATION(COLLECTIVELY REFERRED TO AS THE PROPOSALS)
(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 6 October 2020 in relation to the Proposals (“Initial Announcement”), where applicable, unless stated otherwise or defined herein.) Reference is made to the announcements dated 6 October 2020, 7 October 2020 and 9 October 2020 in relation to the Proposals. 1.         INTRODUCTION Further to the above announcements in respect of the Proposals, Malaysia Airports Holdings Berhad (“MAHB”) had through its wholly-owned subsidiary, Malaysia Airports (Sepang) Sdn Bhd (“MASSB”), objected to its classification as an unsecured creditor and expressed the view that MASSB is a secured creditor with a right to detain, and a contractual and continual lien, both particular and general over any aircraft, parts, accessories, vehicles, equipment and/or any other property belonging to and/or under AAX’s control or any ground handler appointed by AAX. Subsequently, on 23 October 2020, the Company announced that it had been served with an unsealed copy of the Writ of Summons and Statement of Claim filed by MASSB against the Company in the High Court of Malaya at Kuala Lumpur setting out the claims of MASSB of approximately RM78.16 million (“Writ Action”). In view of the above and in the interest of time, AAX has accommodated MAHB and made certain clarifications and revised the Proposed Debt Restructuring by re-categorising all its creditors under 2 separate classes  for the purpose of the intended court convened meetings. An application to the High Court has been submitted today in respect of the revision to the Proposed Debt Restructuring. 2.         REVISION TO THE PROPOSED DEBT RESTRUCTURING All AAX’s creditors shall be re-categorised into 2 separate classes as follows and to be dealt with under the Proposed Debt Restructuring thus revising the Scheme Creditors:- (i)         One class shall consist of creditors who are considered critical or essential and who may have secured and/or other rights (“Class A”). (ii)        The other class shall consist of creditors who do not fall within Class A (“Class B”). MASSB, the wholly owned subsidiary of MAHB, will be included in Class A described in paragraph (i) above. The Proposed Debt Restructuring will be conditional upon the approvals of at least 75% of the total value of each class of creditors present and voting at the court convened meetings to be held for the Proposed Debt Restructuring as well as the High Court’s sanction thereto. For information, the Debt Settlement Amount remains unchanged at an amount of up to RM200.0 million. 3.         RATIONALE FOR THE REVISION The revision to AAX’s Proposed Debt Restructuring by re-categorising all its creditors into 2 classes as detailed above is to accommodate MAHB since it has objected to its classification as an unsecured creditor but instead expressed the view that it is a secured creditor as set out above. The revision is made in the interest of time, without prejudice to AAX’s rights to defend and seek the appropriate remedies in the Writ Action and in order for the court convened meetings to be held as soon as possible for the creditors to consider and vote on the Proposed Debt Restructuring. AAX is of the view that this would be in the best interest of all creditors and stakeholders of AAX. This announcement is dated 4 November 2020.

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Type	Announcement
Subject	OTHERS
Description	AirAsia X Berhad- Clarification in relation to the Article appearing on The Edge Malaysia on 26 October 2020 entitled "More hurdles loom over AirAsia X's debt restructuring plan"
AirAsia X Berhad (“AAX” or “Company”) refers to the article published in The Edge Malaysia on 26 October 2020 entitled “More hurdles loom over AirAsia X’s debt restructuring plan” (“Said Article”). In respect of the Said Article, the Company wishes to announce and clarify the following: on 15 October 2020, the Company was served with amongst others, a sealed copy of the Notice of Application dated 14 October 2020, filed by BOC Aviation Limited against the Company in the High Court of Malaya (“High Court”) for an application to intervene in AAX’s application to the High Court in respect of AAX’s proposed debt restructuring scheme; on 23 October 2020, the Company was served with amongst others, an unsealed copy of the Notice of Application dated 23 October 2020, filed by Malaysia Airports (Sepang) Sdn Bhd (“MASSB”) against the Company in the High Court for an application to intervene in AAX’s application to the High Court and be excluded from AAX’s proposed debt restructuring scheme; it is part of the Company’s plan to raise up to RM500 million to restart the Company post restructuring. However, it is a prerequisite that the proposed debt restructuring scheme has to be completed and successful before the Company can formalize any fund raising exercise; in respect of the liquidation of AirAsia X Indonesia, while it is known that AirAsia X Indonesia ceased operating scheduled services in January 2019, no liquidation proceedings have commenced as at the date of this announcement; and the investment of AAX in Thai AirAsia X has been fully impaired based on AAX’s audited financial statements for the financial year ended 31 December 2019. This announcement is dated 26 October 2020.

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2020	30 Sep 2019	30 Sep 2020	30 Sep 2019
		$$'000	$$'000	$$'000	$$'000

1	Revenue	59,907	1,014,696	1,075,443	3,196,968
2	Profit/(loss) before tax	-308,443	-157,098	-1,162,746	-366,914
3	Profit/(loss) for the period	-308,458	-229,894	-1,163,396	-393,673
4	Profit/(loss) attributable to ordinary equity holders of the parent	-308,458	-229,894	-1,163,396	-393,673
5	Basic earnings/(loss) per share (Subunit)	-7.40	-5.50	-28.00	-9.50
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	-0.2800		0.0300

Change in Financial Year End

AIRASIA X BERHAD

Old financial year end	31 Dec 2020
New financial year end	30 Jun 2021

Remarks :

The Company is currently undergoing a Scheme of Arrangement, the outcome of which will not be known by 31 December 2020, the current financial year end. The basis of preparation of the audited financial statements and the audit opinion ("AFS") is therefore uncertain and the AFS will be of limited value to shareholders. By 30 June 2021, the outcome of the Scheme is likely to be known, so that there will be a clear basis for the preparation of the AFS, which will be of more value to shareholders.

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Type	Announcement
Subject	AUDIT REPORT - MODIFIED OPINION / MATERIAL UNCERTAINTY RELATED TO GOING CONCERN DISCLAIMER OF OPINION
Description	AIRASIA X BERHAD (AAX OR THE COMPANY)DISCLAIMER OF OPINION ON THE AUDITED FINANCIAL STATEMENTS FOR THE 18-MONTH FINANCIAL PERIOD ENDED 30 JUNE 2021
Pursuant to Paragraph 9.19(37) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of AAX hereby announces that the Company’s external auditors, Messrs Ernst & Young PLT, have expressed a disclaimer of opinion on the Company’s audited financial statements for the 18-month financial period ended 30 June 2021. Please refer to the attachment for further details. This announcement is dated 29 October 2021.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3205593

Attachments AAX - Auditors Report.pdf

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Type	Announcement
Subject	PRACTICE NOTE 17 / GUIDANCE NOTE 3 FIRST ANNOUNCEMENT
Description	AIRASIA X BERHAD (AAX OR THE COMPANY)FIRST ANNOUNCEMENT PURSUANT TO THE PRACTICE NOTE 17 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
Please refer to attachment.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3205596

Attachments AAX - PN17 (Attachment).pdf

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2021

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2021	30 Sep 2020	30 Sep 2021	30 Sep 2020
		$$'000	$$'000	$$'000	$$'000

1	Revenue	99,270	0	99,270	0
2	Profit/(loss) before tax	-149,130	0	-149,130	0
3	Profit/(loss) for the period	-149,138	0	-149,138	0
4	Profit/(loss) attributable to ordinary equity holders of the parent	-149,138	0	-149,138	0
5	Basic earnings/(loss) per share (Subunit)	-3.60	0.00	-3.60	0.00
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	-8.1316		-8.0956

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AIRASIA X BERHAD

Date of change	08 Sep 2023
Name	DATO FAM LEE EE
Age	61
Gender	Male
Nationality	Malaysia
Type of change	Redesignation
Previous Position	Director
New Position	Deputy Chairman
Directorate	Non Independent and Non Executive

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AIRASIA X BERHAD

Date of change	01 Oct 2023
Name	MISS LAVINIA LOUIS
Age	40
Gender	Female
Nationality	Malaysia
Type of change	Appointment
Designation	Chief Financial Officer

Qualifications

No Qualifications Major/Field of Study Institute/University Additional Information 1 Professional Qualification Member Malaysian Institute of Accountants (MIA) 2 Professional Qualification Member Certified Practising Accountant (CPA Australia) 3 Degree Bachelor of Business (Distinction), Major in Accounting Monash University, Australia
Working experience and occupation	Lavinia Louis has almost 20 years experience in business and finance. Having spent 8 years with PricewaterhouseCoopers, in Malaysia, she has extensive experience in project management, regulatory reporting and risk analysis. For the last 11 years, Lavinia has been instrumental in the reorganization exercises within the AirAsia Group amongst other groundbreaking initiatives. She has also been crucial to AirAsias disposal of large portfolios of aircraft and the implementation of various accounting systems that have helped simplify business processes. Lavinia started in the role of Financial Controller of AirAsia Berhad and rose to the Head of Finance as AirAsia not just withstood the financial turmoil that was caused by the pandemic but came out of it soaring above the issues that plagued the industry. As part of her role, Lavinia oversees the finance operations and is actively contributing to AirAsia being well on its way to once again, spearhead the revolution in the Aviation industry.

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2023

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2023	31 Dec 2022	31 Dec 2023	31 Dec 2022
		$$'000	$$'000	$$'000	$$'000

1	Revenue	818,225	339,296	2,528,336	659,594
2	Profit/(loss) before tax	39,397	153,485	378,738	33,142,491
3	Profit/(loss) for the period	27,368	153,482	366,470	33,143,712
4	Profit/(loss) attributable to ordinary equity holders of the parent	27,368	153,482	366,470	33,143,712
5	Basic earnings/(loss) per share (Subunit)	6.10	37.00	82.00	7990.00
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.2900		-0.6900