AirAsia Group Berhad - Annual Report 2017

Directors’ interests

According to the register of directors’ shareholdings, the interests of directors in office at the end of the financial period in shares and

options over shares in the Company and its related corporations during the financial period were as follows:

Number of ordinary shares

24.8.2017

(date of

incorporation)

Acquired Disposed

31.12.2017

Direct interest in the Company

Jasmindar Kaur A/P Sabar Singh (resigned on 1 April 2018)

–

Ching Koon Kah @ Chin Kon Kah (resigned on 1 April 2018)

–

According to the register of directors’ shareholdings, none of the directors in office at the end of the financial period had any interest in

shares in the Company or its related corporation during the financial period.

Incorporation, share capital and issue of shares

The Company was incorporated on 24 August 2017 with issued and fully paid share capital of RM2 comprising 2 ordinary shares of RM1

each.

Other statutory information

(a) As the Company has no current asset other than cash on hand, there is no information to disclose in the Directors’ Report pursuant

to Section 253(1) Regulation 1 (g), (h), (i) and (j)(i) of the Fifth Schedule of the Companies Act, 2016.

(b) At the date of this report, the directors are not aware of any circumstances which have arisen which would render adherence to the

existing method of valuation of assets or liabilities of the Company misleading or inappropriate.

(c) At the date of this report, the directors are not aware of any circumstances not otherwise dealt with in this report or financial

statements of the Company which would render any amount stated in the financial statements misleading.

(d) At the date of this report, there does not exist:

(i) any charge on the asset of the Company which has arisen since the end of the financial period which secures the liabilities of

any other person; or

(ii) any contingent liability of the Company which has arisen since the end of the financial period.

(e) In the opinion of the directors:

(i) no contingent or other liability has become enforceable or is likely to become enforceable within the year of twelve months

after the end of the financial period which will or may affect the ability of the Company to meet its obligations when they fall

due; and

(ii) no item, transaction or event of a material and unusual nature has arisen in the interval between the end of the financial period

and the date of this report which is likely to affect substantially the results of the operations of the Company for the financial