We refer to the announcements made on 31 March 2022 and 1 April 2022 in relation to the Proposed Private Placement (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of the Board, Mercury Securities wishes to announce that Bursa Securities had vide its letter dated 15 April 2022, resolved to approve the listing and quotation of up to 357,455,000 new MQ Tech Shares to be issued pursuant to the Proposed Private Placement subject to the following conditions:

(i) MQ Tech and Mercury Securities must fully comply with the relevant provisions under the ACE Market Listing Requirements of Bursa Securities pertaining to the implementation of the Proposed Private Placement;

(ii) MQ Tech and Mercury Securities to inform Bursa Securities upon the completion of the Proposed Private Placement; and

(iii) MQ Tech to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Private Placement is completed.

This announcement is dated 15 April 2022.