On behalf of the Board of Directors of Avillion, RHB Investment Bank Berhad wishes to announce that the Company proposes to undertake the following:

(i)   proposed private placement of up to 283,322,100 new ordinary shares in Avillion, representing up to approximately 25% of the total number of issued shares of Avillion (excluding treasury shares, if any) ("Proposed Private Placement"); and

(ii)   proposed variation to the utilisation of proceeds raised from the Company's previous private placement of new ordinary shares ("Proposed Variation").

Please refer to the attachment for the announcement in relation to the Proposals.

This announcement is dated 16 May 2025.