AirAsia Berhad (“AirAsia” or the “Company”) is pleased to announce that AirAsia Investment Limited (Company No.: LL03901) (“AAIL”), a wholly-owned subsidiary of AirAsia has on 19 April 2017 executed a Share Subscription Agreement (“SSA”) and a Shareholders Agreement (“SHA”) with Touristly Travel Sdn. Bhd. (“Touristly”) (Company No.: 1050338-A) as follows:- 

1. SSA to subscribe for 50% of the ordinary shares in Touristly; and
2. SHA between the shareholders to govern the relationship between the parties of Touristly. The shareholding ratio of the parties are as follows; AAIL (50%), Aaron Ram Sarma (20.7%), Jeffrey Saw Meng Lai (13.6%), Wong Chin Kit (1.4%), Netrove Ventures Corporation (9.6%) and Tune Labs Sdn. Bhd. (4.8%).

AAIL and Touristly have also signed a Convertible Loan Agreement (“CLA”) where AAIL will be providing a convertible loan of RM5 million (collectively the “Transactions”).

Please refer to the attachment for further details.

This announcement is dated 19 April 2017.