The Board of Directors of AME wishes to inform that it has received notification from its subsidiary, I Stay Management Sdn Bhd, of 20 and 2 COVID-19 positive cases respectively among its tenants’ foreign workers residing in i-Stay@Indahpura and i-Stay@Senai Airport City workers dormitories as at 12.00 noon, Monday, 18 January 2021.

As an immediate response, the Company has carried out contact tracing and facilitated the arrangement of immediate swab test of other individuals who had close contact with the affected foreign workers. These close contacts are currently undergoing quarantine in the designated quarantine area centre for 14 days while awaiting the test results.

At the same time, the Company has set up, on its own initiative, a separate quarantine centre located off-site. This facility has received approval from Pejabat Daerah Johor Bahru to commence operations.

The authorities at the Ministry of Health have been contacted and the affected foreign workers are currently receiving treatment at the Government hospital or undergoing quarantine at our designated quarantine area.

To protect the health and wellbeing of other residents and local community, the Company has immediately conducted sanitisation of the premises, including the affected units, common corridors and pathways, and high touch surfaces such as entry points, hand railings, and door handles. These actions come on top of the existing daily sanitisation activities for all units and facilities since the start of the pandemic.

The reported COVID-19 positive incidents are not expected to materially affect the financials and operations of the Company as there is no disruption to the business operations at i-Stay@Indahpura and i-Stay@Senai Airport City. The cost of COVID-19 tests is borne by the respective employers of the foreign workers.

The Company will continue to monitor the developments closely. Any further disclosures on material updates will be announced in due course.

This announcement is dated 18 January 2021.