The Board of Directors of AMB ("Board") wishes to announce that the Company has today received a letter from its controlling shareholder, Ajinomoto Co., Inc. ("AJICO") notifying the Company of its intention to privatise AMB by way of a selective capital reduction and repayment exercise of AMB pursuant to Section 116 of the Companies Act, 2016 ("Proposal Letter") ("Proposed SCR").

The Proposed SCR entails a selective capital reduction and a corresponding capital repayment of a proposed cash amount of RM20.00 for each share in AMB held by all shareholders of AMB (other than AJICO) whose names appear in the Record of Depositors of AMB as at the close of business on an entitlement date to be determined and announced later by the Board.

The Board, save for Daisaku Wadami, Taishi Akiyama and Akihiko Nozaki who are interested directors ("Non-Interested Directors"), will deliberate on the Proposed SCR and decide on the next course of action. Accordingly, a further announcement will be made in due course after the deliberation by the Non-Interested Directors.

Please refer to the attached Proposal Letter for further details on the Proposed SCR.

This announcement is dated 22 June 2026.