(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 27 January 2021 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 27 January 2021, 5 February 2021, 8 March 2021 and 17 March 2021.

Earlier, the Company has issued a total of 144,433,636 Placement Shares via the following tranches:-

(i)         41,252,181 and 39,545,455 Placement Shares, being the first tranche of Placement Shares for the Private Placement, on the ACE Market of Bursa Securities on 12 March 2021 and 15 March 2021 respectively; and

(ii)         63,636,000 Placement Shares, being the second and final tranche of Placement Shares for the Private Placement, on the ACE Market of Bursa Securities on 25 March 2021.

Further to the above, Mercury Securities wishes to announce, on behalf of the Board, that the Company has decided not to place out the remaining 364 Placement Shares out of the 144,434,000 Placement Shares. As such, the Private Placement is deemed completed.

This announcement is dated 25 March 2021.