The Board of Directors of AAGB wishes to announce that the Company intends to seek the approval of its shareholders for the Proposed Amendments at the forthcoming Third Annual General Meeting ("AGM") of the Company to be convened.

The Proposed Amendments are made mainly to have express constitutional provisions to allow remote participation at general meetings and the appointment of proxy(ies) and/or representative(s) to attend, speak and vote at any general meeting/meeting of members of the Company and/or any adjournment thereof, to be lodged via electronic means, to enhance administrative efficiency.

The details of the Proposed Amendments will be set out in Appendix A of the Notice of AGM to be circulated to the shareholders of the Company, in due course.

This announcement is dated 22 July 2020.