(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 12 November 2020 in relation to the Proposed Private Placement (“First Announcement”), where applicable, unless stated otherwise or defined herein.)

Reference is made to the announcements dated 12 November 2020, 13 November 2020 and 20 November 2020 in relation to the Proposed Private Placement.

On behalf of the Board, Mercury Securities wishes to announce that Bursa Securities has, vide its letter dated 20 November 2020, approved the listing and quotation of up to 48,503,000 new Oversea Shares to be issued pursuant to the Proposed Private Placement subject to the following:-

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

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

(iii)        Oversea 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; and

(iv)       Mercury Securities to furnish Bursa Securities with details of the places as per Rule 6.16 of the Listing Requirements for review, prior to the issuance / allotment of the Placement Shares.

This announcement is dated 20 November 2020.