We refer to the news article entitled "Order Issued by CAAP: AirAsia Philippines Ordered to Ceased Ops" featured in New Straits Times on 4 June 2026.

The Company categorically denies recent media reports claiming that the operations of its airline, Philippines AirAsia (flight code: Z2), are being grounded. These reports are entirely false and do not reflect the reality of the business or operations of the airline.

The Company wishes to clarify that all Z2 flights remain fully operational, with flights and services continuing as scheduled across its network, subject to normal operational considerations such as weather and other standard factors affecting airline operations.

This announcement is dated 4 June 2026.