(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcement dated 16 October 2020 in relation to the Private Placement, where applicable, unless stated otherwise or defined herein.)

Reference is made to the earlier announcements in relation to the Private Placement dated 16 October 2020 and 22 October 2020.

On behalf of the Board, Mercury Securities wishes to announce that the Board has on 11 November 2020 (“Price-fixing Date”) fixed the issue price for the placement of 85,629,000 Placement Shares, being the first and last tranche of the Placement Shares, at RM0.1417 per Placement Share (“Issue Price”).

The Issue Price represents a discount of 9.97% to the 5-day VWAP of the Shares up to and including 10 November 2020 of RM0.1574, being the last market day immediately preceding the Price-fixing Date.

This announcement is dated 11 November 2020.