Reference is made to the Company's announcements dated 3 November 2020 and 4 November 2020 in relation to the Writ and Statement of Claim Suit No. WA-22NCC-537-11/2020. Unless otherwise stated, the terms stated herein shall have the same meaning as defined in the announcements.

The Board of Directors of Advance Information Marketing Berhad (“AIM” or “the Company”) wishes to inform that the Company has received Bursa Malaysia Securities Berhad’s request dated 5 November 2020 for additional information in relation to the Company’s announcement made on 3 November 2020. The additional information are as follows:

1.           The estimated potential liability to the Group arising from the Writ.

The Plaintiff main prayers are against the 1st to 4th defendants to, inter-alia, prevent them from being involved in the business of the Company. The Plaintiff claimed that the Company is a nominal defendant in the Suit. However, the Plaintiff seeks general damages, exemplary damages and aggravated damages. The plaintiff did not specify which defendants are to pay in the event such order is granted.

These damages are not quantified in the Plaintiff’s claims.

2.           The steps taken or proposed to be taken by the listed issuer in respect of the Writ.

The Company instructed its solicitors to resist the claims and has since filed the Memorandum of Appearance, Defence and affidavit to oppose the Plaintiff’s application for an interim injunction.

This announcement is dated 10 November 2020.