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

Reference is made to the announcements dated 14 December 2020 and 16 December 2020 in relation to the Private Placement.

On behalf of the Board, Mercury Securities is pleased to announce that Bursa Securities had, vide its letter dated 17 December 2020, approved the listing and quotation of up to 134,371,000 Placement Shares to be issued pursuant to the Private Placement.

The approval by Bursa Securities for the above is subject to the following conditions:-

(i)         Luxchem and Mercury Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Private Placement;

(ii)         Luxchem and Mercury Securities to inform Bursa Securities upon the completion of the Private Placement; and

(iii)        Luxchem to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Private Placement is completed.

This announcement is dated 17 December 2020.