(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcement dated 3 February 2021 in relation to the Corporate Exercises, where applicable, unless stated otherwise or defined herein.)

We refer to the earlier announcements in relation to the Share Consolidation dated 3 February 2021, 19 February 2021 and 22 March 2021.

On behalf of the Board, Mercury Securities wishes to announce that Sanichi’s existing number of 2,004,734,063 Shares will be consolidated into 200,471,911 Consolidated Shares after 5.00 p.m. today (after disregarding the fractional entitlements arising from the Share Consolidation) pursuant to the Share Consolidation. Consequently, pursuant to the provisions of the Deed Poll E, the existing number of 369,329,241 Warrants E will be adjusted into 36,932,791 Consolidated Warrants E (after disregarding the fractional entitlements arising from the adjustment to the number of Warrants E).

The Consolidated Shares and Consolidated Warrants E will be listed and quoted on the ACE Market of Bursa Securities with effect from 9.00 a.m. on 6 April 2021.

This announcement is dated 5 April 2021.