(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcements dated 3 November 2020 and 24 November 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 3 November 2020, 24 November 2020 and 25 November 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 36,400,000 Placement Shares at RM0.52 per Placement Share (“Issue Price”).

The Issue Price represents a discount of 5.73% to the 5-day VWAP of the Shares up to and including 23 December 2020 of RM0.5516, being the last market day immediately preceding the Price-fixing Date.

This announcement is dated 24 December 2020.