Reference is made to our announcement dated 7 January 2021 here.

The Board of Directors (“Board”) of ACE Investment Bank Limited (“AIBL”) wishes to provide an update to the public on the matter:

AIBL has concluded its investigations and has terminated the services of its Chief Executive Officer, Encik Saifulrizam bin Zainal together with the Chief Operating Officer, Encik Zulkifli bin Hassan as of 20 January 2021, and are no longer authorised to act for or represent in any form or capacity on behalf of AIBL or any company within the ACE Group.

For further information on AIBL or the ACE Group, please contact info@acegroup.com.my.

Investment Bank, 21 January 2021

SUSPENSION OF ACE INVESTMENT BANK LIMITED CEO AND COO (UPDATE)

Reference is made to our announcement dated 7 January 2021 here.

The Board of Directors (“Board”) of ACE Investment Bank Limited (“AIBL”) wishes to provide an update to the public on the matter:

AIBL has concluded its investigations and has terminated the services of its Chief Executive Officer, Encik Saifulrizam bin Zainal together with the Chief Operating Officer, Encik Zulkifli bin Hassan as of 20 January 2021, and are no longer authorised to act for or represent in any form or capacity on behalf of AIBL or any company within the ACE Group.

For further information on AIBL or the ACE Group, please contact info@acegroup.com.my.