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

i. an issuance of up to 213,557,550 new ordinary shares in AME ("AME Shares" or "Shares") ("Bonus Shares") on the basis of 1 Bonus Share for every existing 2 AME Shares held on an entitlement date to be determined and announced later ("Entitlement Date") ("Proposed Bonus Issue of Shares");

ii. an issuance of up to 142,371,700 free warrants in AME ("Warrants") on the basis of 1 free warrant for every 3 existing AME Shares held on the Entitlement Date ("Proposed Free Warrants Issue"); and

iii. establishment of an employees' share option scheme ("ESOS" or "Scheme") of up to 10% of the total number of issued shares of AME at any point during the duration of the Scheme ("Proposed ESOS").

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

Further details of the Proposals are set out in the attachment below.

This announcement is dated 27 May 2021.