On behalf of the Board of Directors of Avillion, RHB Investment Bank Berhad wishes to announce that the Company proposes to undertake the following:

(i) proposed reduction of the issued share capital of Avillion by RM170.0 million pursuant to Section 117 of the Companies Act 2016 ("Proposed Capital Reduction");

(ii) proposed consolidation of every 10 existing ordinary shares in Avillion ("Shares") into 1 Share ("Consolidated Share") on an entitlement date to be determined and announced later ("Proposed Share Consolidation");

(iii) proposed renounceable rights issue of up to 283,257,620 new Consolidated Shares ("Rights Shares") on the basis of 2 Rights Shares for every 1 existing Consolidated Share held by the shareholders of the Company at an issue price and on an entitlement date to be determined and announced later ("Proposed Rights Issue"); and

(iv) proposed exemption under subparagraph 4.08(1)(b) of the Rules on Take-overs, Mergers and Compulsory Acquisitions issued by the Securities Commission Malaysia to Datuk Lim Chai Hock and Low Yi Ngo from the obligation to undertake a mandatory take-over offer for all the remaining Shares not already owned by them upon completion of the Proposed Rights Issue ("Proposed Exemption").

Please refer to the attachment for the announcement in relation to the Proposals.

This announcement is dated 18 August 2026.