Capitalised or other terms used but not defined herein shall, unless the context otherwise requires, have the meaning as set out in the Company's announcement dated 27 October 2020.

Further to the announcement made by the Company on 27 October 2020, the Board of PMAHB wishes to announce that its wholly-owned subsidiary, Press Metal Labuan had redeemed all of the aggregate principal amount of US$221,187,000 Notes outstanding at the redemption price equal to 102.4% of the principal amount thereof, plus accrued and unpaid interest of US$796,273.20. The total redemption price paid by Press Metal Labuan on the Redemption Date is US$227,291,761.20. As at the date of this announcement, there are no outstanding Notes in issue.

There will be no material impact expected on the Company's financial position as a result of the redemption of the Notes.

Press Metal Labuan has applied to The Stock Exchange of Hong Kong Limited and notified Labuan International Financial Exchange for the withdrawal of the listing of the Notes. The withdrawal of listing is expected to become effective upon the close of business on 7 December 2020 on both exchanges.

This announcement is dated 30 November 2020.