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 second tranche of the Placement comprising up to 126,666,660 Placement Shares has been fixed on 9 August 2021 (“Price-Fixing Date”) at RM0.12 per Placement Share (“Second Tranche”). 

The issue price of RM0.12 per Placement Share represents a discount of approximately 7.62% to the five (5)-day VWAP of Avillion Shares up to and including 6 August 2021, being the last market day prior to the Price-Fixing Date, of RM0.1299 per Avillion Share.

For information purposes, the actual number of Placement Shares to be placed out under the Second Tranche will depend on the level of acceptances by the identified placees. Any Placement Share not placed out under the Second Tranche will be included in the subsequent tranches. The issue price for each subsequent tranche will be determined and announced by the Board separately.

This Announcement is dated 9 August 2021.