(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the Abridged Prospectus dated 22 December 2020 issued by the Company in relation to the Rights Issue with Warrants.)

We refer to the Abridged Prospectus dated 22 December 2020.

On behalf of the Board, Mercury Securities wishes to announce that pursuant to the close of acceptance, excess applications and payment for the Rights Shares with Warrants C at 5.00 p.m. on 8 January 2021, the Company had received valid acceptances and excess applications for a total of 956,377,178 Rights Shares, representing 99.48% subscription of the total number of Rights Shares available for subscription under the Rights Issue with Warrants.

Details of such valid acceptances and excess applications received are as follows:-

Successful applicants of the Rights Shares will be given Warrants C on the basis of 1 Warrant C for every 2 Rights Shares successfully subscribed for.

The total number of excess Rights Shares available for allocation was 496,283,512. In view that the total number of excess Rights Shares applied for was 491,277,762, the Board has decided to allot the excess Rights Shares to all the entitled shareholders and/or their renouncee(s) and/or transferee(s) who have applied for the excess Rights Shares in full.

The Right Shares and Warrants C are expected to be listed on the ACE Market of Bursa Securities on 22 January 2021.

In addition, based on the above and referring to the announcement with reference number “ENT-08122020-00005” dated 8 December 2020 in relation to the Warrants B, the actual entitlement ratio of the additional Warrants B to be issued over the existing number of outstanding Warrants B as at the entitlement date, remains same as 1.2961:1.

This announcement is dated 15 January 2021.