News

(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 15 July 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 15 July 2021 and 23 July 2021.

On behalf of the Board, Mercury Securities wishes to announce that the Board had on 1 September 2021 ("Price-fixing Date") fixed the issue price for the placement of 32,500,000 Placement Shares, being the first tranche of the Private Placement, at RM0.4000 per Placement Share ("Issue Price").

The Issue Price represents a discount of 3.92% to the 5-day VWAP of the Shares up to and including 30 August 2021 of RM0.4163, being the last market day immediately preceding the Price-fixing Date.

This announcement is dated 1 September 2021.