Investors

We refer to the announcement dated 2 May 2023 in relation to the commencement of the Voluntary Liquidation by Suvitech Co., Ltd. (“Suvitech”), a wholly owned subsidiary of Axiata Group Berhad ("Axiata") held through Axiata Business Services Sdn Bhd and Xpand Investments (Labuan) Limited.

Axiata wishes to announce that pursuant to an application for the Voluntary Dissolution by Suvitech registered with the Department of Business Development (“DBD”) on 1 May 2023, Suvitech has registered the completion of the Voluntary Liquidation process with the DBD with effect from 4 July 2023. The notification of the completion of the Voluntary Liquidation of Suvitech was received by Suvitech on 4 July 2023.

The Voluntary Liquidation of Suvitech will not have any material effect on the earnings or net assets of the Axiata Group for the financial year ending 31 December 2023. None of the Directors and/or major shareholders of Axiata and/or persons connected to them have any direct or indirect interest in the Voluntary Liquidation of Suvitech.

The cost of investment of Suvitech is USD8.4 million (RM36.1 million).

This announcement is dated 4 July 2023.