Maxis wishes to announce that at the Extraordinary General Meetings (“EGM”) held on 1 November 2016 of Maxis Online Sdn Bhd ("MOSB") and Maxis Multimedia Sdn Bhd (“MMUL”), it was resolved that MOSB and MMUL, being the wholly-owned subsidiaries of Maxis, be wound up voluntarily.  The winding up of MOSB and MMUL will save Maxis from incurring future maintenance and administrative costs for these two entities.

MOSB and MMUL were incorporated in Malaysia on 11 March 1992 and 27 October 2000 respectively. Both companies are dormant and their issued and paid up share capital is RM2.00.

At the EGM of MOSB and MMUL, Maxis, the shareholder of both companies approved to wind up MOSB and MMUL and to appoint Mr Jason Sia Sze Wan of Nexia SSY Corporate Recovery Sdn Bhd of SSY Building @ Sentral, Level 1, 2A Jalan USJ Sentral 3, USJ Sentral, Persiaran Subang 1, 47620 Subang Jaya, Selangor Darul Ehsan, as the liquidator for MOSB and MMUL with immediate effect and that he shall have full authority to exercise all the powers conferred under the Companies Act, 1965 on all matters relating to the voluntary winding up.

The voluntary winding up of MOSB and MMUL is not expected to have any material impact or effect on the business operations, earnings and net tangible assets of Maxis Berhad and its Group for the financial year ending 31 December 2016.

This announcement is dated 1 November 2016.