The Board announced that DYNAM JAPAN HOLDINGS Co., Ltd. entered into the Aircraft Sale Agreement with Wizz on 21 October 2022 (after trading hours), pursuant to which, among other things, Wizz agreed to assign
to DAIL and DAIL agreed to accept the assignment of Wizz's rights (under the Original Purchase Contract) to purchase and take delivery of the Aircraft from Airbus. DAIL and Wizz also entered into a Lease Agreement on 21 October 2022 (after trading hours), pursuant to which the Aircraft will be leased by DAIL to Wizz or an affiliate within the group of Wizz. AIRCRAFT SALE AGREEMENT: Date: 21 October 2022. Parties: (a) DAIL, as the purchaser; and (b) Wizz, as the seller. To the best of the Directors' knowledge, information and belief having made all reasonable enquiries, Wizz and its ultimate beneficial owner(s) are third parties independent of the Company and the connected persons of the Company. Pursuant to the Aircraft Sale Agreement, Wizz agreed to assign to DAIL and DAIL agreed to accept the assignment of Wizz's rights (under the Original Purchase Contract) to purchase and take delivery of
the Aircraft from Airbus subject to the terms and conditions of the Aircraft Sale Agreement and the Original Purchase Contract. Assets to be acquired: The Aircraft, being two new Airbus A321 Neo aircraft. Expected completion of the Aircraft Sale Agreement: It is estimated that the Aircraft will be delivered in the second half of 2023.