Reference is made to the Company's announcements dated 23 January 2026, 27 February 2026, 3 March 2026, 16 April 2026, 17 April 2026 and 28 May 2026 in relation to the Company's non-compliance with the PSS requirement pursuant to Paragraph 8.02(1) of the MMLR and Practice Note 19 of the MMLR, as well as the Company's announcements dated 15 May 2026, 23 June 2026 and 7 July 2026 in relation to the Proposed Private Placement and Proposed ESOS.
Unless otherwise stated, the defined terms used herein shall have the same meanings as those previously defined.
The Board of Directors of AJB wishes to announce that at the Extraordinary General Meeting ("EGM") of the Company held on 24 July 2026, the shareholders of the Company had approved, amongst others, the Proposed Private Placement and the Proposed ESOS.
The Proposed Private Placement forms part of the measures undertaken by the Company to address the shortfall in its PSS and to facilitate compliance with Paragraph 8.02(1) of the MMLR and Practice Note 19 of the MMLR.
As at the date of this announcement, the Company is currently in the process of identifying suitable placee(s) for the Proposed Private Placement.
Based on the Record of Depositors as at 26 August 2026, the Company's PSS stood at 20.65%.
The Company remains committed to taking the necessary steps to rectify the shortfall in its PSS and to achieve compliance with the PSS requirement. The Company will continue to monitor the progress of the Proposed Private Placement and will make the necessary announcements on the status of its compliance with the PSS requirement in accordance with the MMLR.
This announcement is dated 28 August 2026.