On behalf of the Board of Directors of AHB ("Board"), UOB Kay Hian Securities (M) Sdn Bhd ("UOBKH") wishes to announce that the Company proposes to undertake the following:-

i. bonus issue of up to 32,518,033 new ordinary shares in AHB ("AHB Share(s)" or "Share(s)") ("Bonus Share(s)") on the basis of 1 Bonus Share for every 2 existing AHB Shares held on an entitlement date to be determined and announced later by the Board ("Bonus Entitlement Date") ("Proposed Bonus Issue of Shares"); and

ii. issuance of up to 48,777,049 free warrants in AHB ("Warrant(s)") on the basis of 1 Warrant for every 2 AHB Shares held on an entitlement date, which will be after the Bonus Entitlement Date, to be determined and announced later by the Board ("Warrants Entitlement Date") ("Proposed Issue of Free Warrants").

The Proposed Bonus Issue of Shares and Proposed Issue of Free Warrants are collectively referred to as the "Proposals".

Please refer to the attachment enclosed for further details on the Proposals.

This announcement is dated 19 November 2020.