(Unless otherwise stated, all abbreviations and definitions used herein shall have the same meaning as those used in the Company’s announcement dated 8 August 2019)

Reference is made to the Company’s announcements dated 8 August 2019, 22 August 2019, 4 November 2019, 5 November 2019 and 3 December 2019 in relation to the Proposed Acquisition.

On behalf of the Board, Mercury Securities wishes to announce that all conditions precedent of the SPA have been fulfilled and hence, the SPA has become unconditional today.

This announcement is dated 16 December 2019.