Reference is made to the Company's annual reports and audited financial statements in respect of the financial years of 2022, 2023, 2024 and 2025, the Company's announcements dated 28 February 2025, 30 May 2025, 28 August 2025, 28 November 2025, 25 February 2026 and 18 May 2026 and the Company's circulars to shareholders dated 20 September 2024, 15 April 2025, 30 April 2025 and 30 April 2026 in relation to the Material Litigation disclosed regarding the Arbitration matter involving Mr. Christopher Davison and Mr. Navin Rajagopalan (as claimants) v Move Digital Sdn Bhd) (formerly known as AirAsia Digital Sdn Bhd) ("Move Digital"), AirAsia Berhad ("AAB") and Big Pay Pte Ltd ("BigPay") (as respondents) at Singapore International Arbitration Centre in respect of disputes arising from the shareholder disputes in relation to BigPay.
 

The Company wishes to announce that a notice of seizure or attachment dated 9 June 2026 has been issued by the Sheriff of Supreme Court Singapore to Move Digital, a wholly-owned subsidiary of the Company ("Notice"). Pursuant to the Notice, the designated Sheriff will be seizing the following shares held in Move Digital's name ("Move Digital's Assets") as part of enforcing a court order from the partial award for Move Digital to buy out the claimants' shares in BigPay at the buyout price of U$14,736,000 and recovering the unpaid interest that accrued on certain cost orders in the enforcement proceedings in Singapore totalling S$541.20 (for the avoidance of doubt, the principal sums of these costs orders have been paid):-

(i)  481,730 shares of Teleport Everywhere Pte. Ltd (representing 11.45% shareholding); and

(ii) 204,809,509 shares of Big Pay Pte. Ltd (representing 99.56% shareholding).

Move Digital is of the view that it has legitimate grounds to object to and challenge the seizure and sale of Move Digital's Assets and Move Digital intends to file a written notice to object to the seizure of Move Digital's Assets.

This announcement is dated 9 June 2026.