(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the Circular dated 24 November 2020 issued by the Company in relation to the Acquisition.)

On behalf of the Board, Mercury Securities wishes to announce that the Company had on 2 March 2021 entered into a supplemental share sale agreement with the Vendors to waive all remaining conditions precedent as set out in the SSA which have not been fulfilled by the Company as at even date. Consequently, the SSA has become unconditional on even date.

Further to the above, the Vendors had on 2 March 2021 delivered to the Company the Completion Documents and the Company had paid the Balance Sum to the Vendors. As a result, the Acquisition is deemed completed on even date.

This announcement is dated 2 March 2021.