(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, 3 December 2019 and 16 December 2019 in relation to the Proposed Acquisition.

On behalf of the Board, Mercury Securities wishes to announce that the parties to the SPA had agreed to extend the Payment Period by 90 days to 180 days from the date of the SPA becoming unconditional or such longer period as the parties may mutually agree in writing.

This announcement is dated 16 March 2020.