(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 8 November 2019 in relation to the Private Placement, where applicable, unless stated otherwise or defined herein.)

Reference is made to the earlier announcements dated 8 November 2019 and 26 November 2019.

On behalf of the Board, Mercury Securities wishes to announce that the Board has on to-date (“Price-fixing Date”) fixed the issue price for the placement of 100,000,000 Placement Shares, being the first tranche of the Placement Shares, at RM0.01 per Placement Share (“Issue Price”).

The Issue Price represents a discount of 2.91% to the 5-day VWAP of Trive Shares up to and including 23 December 2019 of RM0.0103, being the last market day immediately preceding the Price-fixing Date.

This announcement is dated 24 December 2019.