Pursuant to Paragraph 8.23(1)(iii) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce that it had provided financial assistance in the form of advances to its associate and subsidiary companies during the second quarter ended 30 June 2022 as follows: -
1. On 25 April 2022, 6 May 2022 and 15 June 2022, a total of USD10,300,000 advances (equivalent to RM45.4 million based on the exchange rate of 4.4055 as at 30 June 2022) was provided to PT Indonesia AirAsia (“IAA”) by the Company, through its wholly-owned subsidiary, AirAsia Berhad ("AAB");
2. On 6 May 2022 and 2 June 2022, a total of USD3,270,000 (equivalent to RM14.4 million based on the exchange rate of 4.4055 as at 30 June 2022) was provided to Philippines AirAsia Inc. (“PAA”) by the Company, through its wholly-owned subsidiary, AAB;
3. On 20 April 2022, USD1,000,000 advances (equivalent to RM4.4 million based on the exchange rate of 4.4055 as at 30 June 2022) was provided to PAA by the Company, through its wholly-owned subsidiary, AirAsia Aviation Group Limited (“AAAGL”) (formerly known as AirAsia Aviation Limited);
4. On 27 May 2022 and 16 June 2022, a loan of RM26,000,000 was provided to AirAsia Com Travel Sdn Bhd (“ACT”) by the Company;
5. On 27 May 2022, a loan of RM4,000,000 was provided to Ikhlas Com Travel Sdn Bhd (“IKHLAS”) by the Company;
6. On 27 June 2022, an advance of USD54,603 (equivalent to RM240,554 based on the exchange rate of 4.4055 as at 30 June 2022) was provided to AirAsia Com Travel Philippines Inc (“ACTPH”) by the Company, through its subsidiary, ACT;
7. On 15 April 2022, 30 April 2022, 17 May 2022, 18 May 2022, 30 May 2022 and 9 June 2022, a total RM429,797 advances was provided to AirAsia Ride Sdn Bhd (“AARIDE MY”) by the Company, through its subsidiary, ACT;
8. On 30 May 2022 and 24 June 2022, an advance of USD402,200 (equivalent to RM1.8 million based on the exchange rate of 4.4055 as at 30 June 2022) was provided to AirAsia Com Travel (Thailand) Ltd (“ACTTH”) by the Company, through its subsidiary, ACT;
9. On 22 April 2022, 25 May 2022 and 24 June 2022, a total advances of USD175,922 (equivalent to RM0.8 million based on the exchange rate of 4.4055 as at 30 June 2022) was provided to AirAsia Ride Pte Ltd (“AARIDE SG”) by the Company, through its subsidiary, ACT;
10. On 21 April 2022, 6 May 2022 and 27 June 2022, a total RM1,075,846 advances was provided to AirAsia SuperApp Sdn Bhd (“SuperApp MY”) by the Company, through its subsidiary, ACT;
11. On 12 April 2022, 11 May 2022 and 9 June 2022, an advance of RM435,316 was provided to Ourfarm Asia Sdn Bhd (“OURFARM”) by the Company, through its subsidiary, ACT;
12. On 7 April 2022, 20 April 2022, 25 April 2022, 10 May 2022, 26 May 2022, 14 June 2022 and 24 June 2022, a total of USD405,215 advances (equivalent to RM1.8 million based on the exchange rate of 4.4055 as at 30 June 2022) was provided to PT AirAsia SuperApp Indonesia (formerly known as PT AirAsia Com Indonesia) (“SuperApp ID”) by the Company, through its subsidiary, ACT;
13. On 12 April 2022, 25 April 2022, 27 May 2022, 9 June 2022 and 21 June 2022, a total of RM267,833 advances was provided to Rokki Sdn Bhd (“Rokki”) by the Company, through its subsidiary, ACT;
14. On 13 June 2022, an advance of USD101,449 (equivalent to RM0.4 million based on the exchange rate of 4.4055 as at 30 June 2022) was provided to Velox Technology (Thailand) Co Ltd (“Velox”) by the company, through its subsidiary, ACT;
15. On 27 June 2022, an advance of RM25,846 was provided to Rokki by the company, through its wholly owned subsidiary, AirAsia Digital Sdn. Bhd. ("AAD");
16. On 8 June 2022, a loan of USD77,990 (equivalent to RM0.3 million based on the exchange rate of 4.4055 as at 30 June 2022) was provided to Teleport Commerce (Thailand) Co Ltd (“TLPCMTH”) by the Company, through its subsidiary, Teleport Everywhere Pte.Ltd (“TLPSG”);
(Collectively, referred to as “the Financial Assistance”).
The Financial Assistance provided was in the ordinary course of business and to facilitate the running of the operations and financial affairs of IAA, PAA, ACT, IKHLAS, ACTPH, ACTTH, AARIDE MY, AARIDE SG, SuperApp MY, OURFARM, SuperApp ID, Red Academy, Rokki, Velox and TLPCMTH.
The Financial Assistance provided does not have any material effect on the earnings per share, net assets per share and gearing of the Company and its subsidiaries.
This announcement is dated 26 August 2022.
Note: The exchange rates used is based on the exchange rates of Bank Negara Malaysia on 30 June 2022 - USD 1: RM4.4055, THB 100: RM12.4749, IDR 100: 0.0296
