(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 March 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 March 2021, 19 March 2021, 3 September 2021 and 1 October 2021.

On behalf of the Board, Mercury Securities wishes to announce that the Board had on 7 March 2022 ("Price-fixing Date") fixed the issue price for the placement of 527,642,000 Placement Shares, being the first and final tranche of the Private Placement, at RM0.0176 per Placement Share ("Issue Price").

The Issue Price represents a discount of 9.74% to the 5-day VWAP of the Shares up to and including 4 March 2022 of RM0.0195, being the last market day immediately preceding the Price-fixing Date.

This announcement is dated 7 March 2022.