(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 9 September 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 9 September 2021 and 24 September 2021.

On behalf of the Board, Mercury Securities wishes to announce that the Board had on 11 October 2021 (“Price-fixing Date”) fixed the issue price for the placement of 16,000,000 Placement Shares, being the first tranche of the Private Placement, at RM0.5599 per Placement Share (“Issue Price”).

The Issue Price represents a discount of 10.00% to the 5-day VWAP of the Shares up to and including 8 October 2021 of RM0.6221, being the last market day immediately preceding the Price-fixing Date.

This announcement is dated 11 October 2021.