(For consistency, the abbreviations used throughout this announcement shall have the same meanings as previously defined in the announcements dated 28 July 2021, 8 October 2021, 16 March 2022, 31 March 2022 and 20 September 2022 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 20 September 2022 wherein Mercury Securities had, on behalf of the Board, announced that the Company had submitted an application to seek Bursa Securities’ approval for an extension of time of 6 months for the Company to complete the implementation of the Rights Issue with Warrants.

On behalf of the Board, Mercury Securities is pleased to announce that Bursa Securities had, vide its letter dated 26 September 2022, approved the Company’s application for an extension of time until 5 April 2023 for the Company to complete the implementation of the Rights Issue with Warrants.

This announcement is dated 26 September 2022.