We refer to the announcements made on 24 October 2024 and 28 October 2024 (“Announcements”) in relation to amongst others, the Proposed Private Placement. For consistency purposes, the abbreviations used in this announcement are the same as those previously defined in the Announcements unless otherwise defined herein.

On behalf of the Board, Mercury Securities wishes to announce that Bursa Securities has, vide its letter dated 25 November 2024, approved the listing and quotation of up to 111,490,249 Placement Shares to be issued pursuant to the Proposed Private Placement subject to the following conditions:

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

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

(iii) EMCC 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 25 November 2024.