(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcements dated 28 July 2021 and 8 October 2021 in relation to the Rights Issue with Warrants, where applicable, unless stated otherwise or defined herein.)

Reference is made to the Company’s announcement dated 16 March 2022 wherein Mercury Securities had, on behalf the Board, announced that the Company has submitted an application to seek Bursa Securities’ approval for an extension of time of 6 months for the Company to complete the Rights Issue with Warrants.

On behalf of the Board, Mercury Securities is pleased to announce that Bursa Securities had, vide its letter dated 31 March 2022, approved the Company’s application for an extension of time until 5 October 2022 for the Company to complete the implementation of the Rights Issue with Warrants.

This announcement is dated 31 March 2022.