We refer to the announcement dated 29 October 2021 in relation to the Variation. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcement.

Following the completion of the private placement of 20% of the total number of issued shares of Avillion on 19 November 2021 (“Placement”) and in the best interest of the Company, the Board wishes to announce that it has resolved to vary the use of total proceeds raised from the Placement.  

The detalied variation is attached herewith for reference. 

This announcement is dated 30 November 2021.