The Board of Directors of AEM ("Board") wishes to announce that the Company had on 19 October 2026 received a notice in writing dated 19 October 2026 from Messrs. SBY Partners PLT ("SBY") of their resignation as the Auditors of the Company pursuant to Section 281 of the Companies Act 2016.

The resignation of SBY is a voluntary basis and due to constraint on number of partners in forthcoming months. Further, the Board also wishes to inform that the Company is not aware of any other matters that need to be brought to the attention of the shareholders of AEM.

The Company is in the midst of identifying new Auditors and further announcement on the engagement of new Auditors will be made by the Company in due course.

This announcement is dated 19 October 2026.