THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. THISIf CIRCULARyou are in any IS doubtIMPORTANT as to the AND course REQUIRES of action toYOUR be taken, IMMEDIATE you should ATTENTION. consult your stockbroker, bank manager, THISsolicitor,THIS CIRCULAR CIRCULAR accountant IS IS IMPORTANT orIMPORTANT other independent AND AND REQUIRES REQUIRES professional YOUR YOUR advisers IMMEDIATE IMMEDIATE immediate ATTENTION. ATTENTION.ly. 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AIRASIA X BERHAD Company No. 200601014410 (734161-K) AIRASIAAIRASIA(Incorporated X BERHADX inBERHAD Malaysia) CompanyAIRASIA No. 200601014410 X BERHAD (734161-K) CompanyCompany No. No. 200601014410 200601014410 (734161-K) (734161-K) (Incorporated(Incorporated in Malaysia) in Malaysia) CIRCULAR(Incorporated TO SHAREHOLDERS in Malaysia) CIRCULARCIRCULAR TO TOSHAREHOLDERS SHAREHOLDERS CIRCULARIN RELATIONTO SHAREHOLDERS TO IN RELATIONIN RELATION TO TO PROPOSED RENEWAL OF EXISTINGIN RELATION SHAREHOLDERS TO ’ MANDATE AND NEW SHAREHOLDERS’ MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS PROPOSED RENEWAL OF EXISTING SHAREHOLDERS’ MANDATE AND NEW PROPOSEDPROPOSEDOF A REVENUE RENEWALRENEWAL OR TRADING OFOF EXISTING NATUREEXISTING (“ SHAREHOLDERSPROPOSEDSHAREHOLDERS MANDATE”)’ ’ MANDATEMANDATE ANDAND NEWNEW SHAREHOLDERS’ MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS SHAREHOLDERS’SHAREHOLDERS’ MANDAT MANDATEEFORFOR RECURRENT RECURRENT RELATED RELATED PARTY PARTY TRANSACTIONS TRANSACTIONS OF A REVENUE OR TRADING NATURE (“PROPOSED MANDATE”) OFOF A A REVENUE REVENUE OR OR TRADING TRADING NATURE NATURE (“ (“PROPOSEDPROPOSED MANDATE”) MANDATE”) The Proposed Mandate will be tabled as Special Business at AirAsia X Berhad’s Fourteenth Annual General Meeting (“AGM”) which will be held as a fully virtual meeting via live streaming and online remote voting from the Broadcast The TheVPropenue Proposed at osed RedQ,Mandate Mandate Jalan will Pekelilingbewill tabled be tabled as5, LapanganSpecial as Special Business Terbang Business at AntarabangsaAirAsia at AirAsia X Berhad’s X Berhad’sKuala Fourteenth Lumpur Fourteenth (kliaAnnual2),Annual 64000 General General KLIA, Meeting Selangor Meeting (“AGMTheDarul”) Prop which Ehsan,osed will MandateMalaysia be held ,willason abeTuesday fully tabled virtual ,as15 Special meetingSeptember Business via live2020 streaming atat AirAsia 10.00 andXa.m. Berhad’s onlineusing remote theFourteenth Remote votingAnnual Participationfrom theGeneral Broadcast and Meeting Voting (“(“AGMAGM”)”) which which will will be be held held as as a a fully fully virtual virtual meeting meeting via via live live streaming streaming and and online online remote remote voting votingfromfrom the the B Broadcastroadcast VenueVFacilitiesenue at RedQ, at (“RedQ,RPV Jalan”) providedJalan Pekeliling Pekeliling by Tricor5, Lapangan 5, Investor Lapangan Terbang & Issuing Terbang Antarabangsa House Antarabangsa Services Kuala Sd Kualan. Lumpur Bhd. Lumpur(“ TIIH(klia ”)2),(kliavia 640002), its 64000TIIH KLIA, Online KLIA, Selangor website Selangor at DarulVhttps://tiih.onlineenue Ehsan, at RedQ,Malaysia .JalanThe, on BroadcastPekelilingTuesday ,Venue5,15 Lapangan September is strictly Terbang 2020for theat Antarabangsapurpose 10.00 a.m. of complyingusing Kuala the Lumpur with Remote Section (klia Participation2), 327(2) 64000 of KLIA, theand Companies VotingSelangor DarulDarul Ehsan,Ehsan, MalaysiaMalaysia, ,ononTuesdayTuesday, ,1515 SeptemberSeptember 2020 2020atat 10.0010.00 a.m.a.m.usingusing the the RemoteRemote ParticipationParticipation andand VotingVoting FacilitiesFActacilities 2016 (“RPV (“andRPV”) provided shareholders”) provided by Tricor by will Tricor Investornot Investorbe allowed& Issuing & Issuingto House be Housephysic Services allyServices present Sdn. Sd Bhd. n.at Bhd.the(“TIIH Broad(“TIIH”) via”)cast itsvia TIIH Venueits TIIH Online on Online thewebsite daywebsite atof the at https://tiih.onlineFFourteenthacilities (“RPV AGM. The”) provided, Broadcastinstead by are TricorVenue to attend, Investor is strictly speak & forIssuing (includingthe purposeHouse posing Services of complying questions Sdn. Bhd.with to Section(“theTIIH Board”) via327(2) itsof TIIHDirectors of the Online Companies via website real time at https://tiih.onlinehttps://tiih.online. .TheThe Broadcast Broadcast Venue Venue is is strictly strictly for for the the purpose purpose of of complying complying with with Section Section 327(2) 327(2) of of the the Companies Companies Act Actsubmission2016 2016 and andshareholders of typedshareholders texts) will and notwill vote benot allowed(collectively,be allowedto be to“participate”) physicbe physically allypresent remotely present at atthe atthe Broadthe Fourtee Broadcastnth castVenue AGM Venue onvia the onthe daytheRPV dayof provi the of dedthe FourteenthActby 2016TIIH .AGM Forand , furthershareholdersinstead information, are towill attend, not please be speak allowed refer (including toto the be Noticephysic posing allyand questions presentAdministrative atto thethe BroadDetailsBoardcast ofof DirectorstheVenue Fourteenth on via the real dayAGM. time of theThe FourteenthFourteenth AGMAGM, , insteadinstead areare toto attend,attend, speakspeak (including(including posingposing questionsquestions toto thethe BoardBoard ofof DirectorsDirectors viavia realreal timetime submissionsubmissionNotice of of the typed of Fourteenth typed texts) texts) andAGM andvote