(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcement dated 14 October 2020 in relation to the Private Placement, where applicable, unless stated otherwise or defined herein.)

We refer to the earlier announcements in relation to the Private Placement dated 14 October 2020, 28 October 2020, 2 November 2020 and 31 December 2020.

On behalf of the Board, Mercury Securities wishes to announce that the Board had on to-date (“Price-fixing Date”) fixed the issue price for the placement of 54,161,000 Placement Shares, being the last tranche of the Private Placement, at RM0.1012 per Placement Share (“Issue Price”).

The Issue Price represents a discount of 19.94% to the 5-day VWAP of the Shares up to and including 21 January 2021 of RM0.1264, being the last market day immediately preceding the Price-fixing Date.

This announcement is dated 22 January 2021.