(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcement dated 9 February 2021 in relation to the Proposals.)

We refer to the announcement in relation to the Proposals dated 9 February 2021.

On behalf of the Board, Mercury Securities wishes to announce that Bursa Securities has, vide its letter dated 12 April 2021, resolved to approve the following:-

(i)         listing and quotation of up to 135,714,284 new Shares to be issued pursuant to the Proposed Acquisition; and

(ii)         listing of such number of new Shares, representing up to 15% of the total number of issued Shares (excluding treasury shares) to be issued pursuant to the Proposed ESOS.

The approval granted by Bursa Securities is subject to the following conditions:-

(i)         Eonmetall and Mercury Securities must fully comply with the relevant provisions under the Listing Requirements at all times pertaining to the implementation of the Proposed Acquisition and Proposed ESOS;

(ii)         Eonmetall and Mercury Securities are required to inform Bursa Securities upon completion of the Proposed Acquisition;

(iii)        Eonmetall is required to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Acquisition is completed;

(iv)        Eonmetall is required to furnish Bursa Securities with a certified true copy of the resolutions passed by shareholders at the extraordinary general meeting for the Proposed Acquisition and Proposed Diversification prior to the listing and quotation of the Shares to be issued pursuant to the Proposed Acquisition;

(v)        Mercury Securities is required to submit a confirmation to Bursa Securities of full compliance of the Proposed ESOS pursuant to Paragraph 6.43(1) of the Listing Requirements and stating the effective date of implementation together with certified true copy of the resolution passed by the shareholders in general meeting approving the Proposed ESOS; and

(vi)        Eonmetall is required to furnish Bursa Securities on a quarterly basis a summary of the total number of Shares listed pursuant to the Proposed ESOS as at the end of each quarter together with a detailed computation of listing fees payable.

This announcement is dated 12 April 2021.