Pursuant to Rule 9.19(38) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of AIM wishes to announce that the Company’s External Auditors, Messrs. SBY Partners PLT had issued a statement of “Material Uncertainty Related to Going Concern” in respect of AIM’s Audited Financial Statements for the financial period ended 30 June 2025.

The details of the material uncertainty related to going concern as disclosed in the Independent Auditors’ Report is reproduced below: 

Material Uncertainty Related to Going Concern

We draw attention to Note 2 to the financial statements. The Company incurred a net loss of RM21,970,885 for the financial period ended 30 June 2025 and, as of that date, the Company’s current and total liabilities exceeded its current and total assets by RM617,645 and RM40,481 respectively. As stated in Note 2, these events or conditions indicate that a material uncertainty exists that may cast significant doubt on the Company’s ability to continue as a going concern. Our opinion is not modified in respect of this matter.

Key Audit Matters

The key audit matters as disclosed in the Independent Auditors’ Report is reproduced below:-

Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the financial statements of the Group and of the Company for the current financial period. We have determined that there are no key audit matters to communicate in our report.

Steps taken or proposed to be taken to address those key audit matters that relate to the modified opinion or material uncertainty related to going concern

The Board and management have implemented the following measures and will continue to implement the measures to address the material uncertainty and strengthen the financial position of the Company:

i. Cost Rationalisation and Operational Streamlining

   Continuous review and rationalisation of operating expenses, including streamlining of administrative and operational functions, to improve cost efficiency and preserve liquidity.

ii. Capital Management Initiatives

    Evaluation and execution of potential capital restructuring or reduction exercises aimed at improving capital efficiency and reducing accumulated losses.

iii. Enhancing Investment Returns

     As the Company is principally an investment holding entity, management is actively reviewing existing investments and exploring new opportunities that can generate income  streams for the Company.

iv. Support from Subsidiaries

     The Group, on a consolidated basis, remains financially sound. The Board will continue to assess and, where appropriate, leverage on the Group’s available resources and positive cash flows from subsidiaries to support the Company’s working capital requirements.

Timeline for steps referred above

These steps are expected to be executed immediately and the outcome of these proposal will be dynamic with no specific deadlines.

This announcement is dated 12 November 2025.