All the abbreviations used in this announcement are the same as those previously defined in the announcement in relation to the Proposed Private Placement dated 29 July 2022 (“Initial Announcement”) unless otherwise defined herein.

Further to the Initial Announcement, M&A Securities on behalf of the Board wishes to announce additional information on the utilisation of proceeds in relation to the Proposed Private Placement. 

Further details are set out in the attachment.

This announcement is dated 2 August 2022.