AirAsia X Berhad : Extension of Time for the Issuance of AAX's Quarterly Results for the financial period ended 30 June 2021 ("Quarterly Results FPE 30/06/2021")

Reference is made to the obligation of the Company pursuant to the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ('Bursa Securities') ('MMLR') that is the Company's Quarterly Results FPE 30/06/2021 is required to be announced to Bursa Securities for public release latest by 31 August 2021, which is not later than two (2) months after the end of the said quarter of financial period ended 30 June 2021 pursuant to Paragraph 9.22(1) of the MMLR.

Following the Covid-19 pandemic and the ensuing enforcement of the Full Movement Control Order period as imposed by the Government to contain the spread of the Covid-19 outbreak in Malaysia, Bursa Securities had vide its letter dated 16 June 2021 granted a one (1)-month extension for issuance of the quarterly reports and annual reports that include annual audited financial statements and the auditors' and directors' reports, which are due by 31 July 2021 and 31 August 2021 respectively.

Further to the above, AAX wishes to announce that the Company would utilise the automatic extension of time of one (1) month for the issuance of AAX's Quarterly Results FPE 30/06/2021 granted by Bursa Securities.

Notwithstanding the aforesaid automatic extension of time granted by Bursa Securities, the Company will endeavour to make the necessary issuance as soon as possible and continue to comply with the continuing disclosure obligations under the MMLR, including making immediate announcement(s) of any material information pursuant to Paragraph 9.03 of the MMLR, to ensure that shareholders and investors continue to receive material and financial information in a timely manner.

This announcement is dated 30 August 2021.