Item 7.01 Regulation FD Disclosure.
Attached as Exhibit 99.1 and
incorporated herein by reference is the investor presentation, dated as of August 13, 2021, for use by Silver Crest in meetings with
certain of its shareholders as well as other persons with respect to Silver Crest’s proposed transaction with THIL, as described
in this Current Report on Form 8-K.
Attached as Exhibit 99.2 is
a transcript of the related video presentation, dated as of August 13, 2021.
Attached as Exhibit 99.3 and
incorporated herein by reference is the data protection protocols & compliance presentation, dated as of August 13, 2021.
The information in this Item
7.01, including Exhibit 99.1, Exhibit 99.2 and Exhibit 99.3, is furnished and shall not be deemed “filed” for purposes of
Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to liabilities
under that section, and shall not be deemed to be incorporated by reference into the filings of Silver Crest under the Securities Act
or the Exchange Act, regardless of any general incorporation language in such filings. This Current Report on Form 8-K will not be deemed
an admission as to the materiality of any information of the information contained in this Item 7.01, including Exhibit 99.1, Exhibit
99.2 and Exhibit 99.3.
Additional Information and Where to Find It
This Current Report on Form 8-K relates to a proposed transaction between
Silver Crest and THIL. This Current Report on Form 8-K does not constitute an offer to sell or exchange, or the solicitation of an offer
to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange
would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Silver Crest and THIL intend
to file a joint proxy statement/prospectus on Form F-4 with the SEC, which will include a document that serves as a proxy statement of
Silver Crest. The proxy statement/prospectus will be sent to all Silver Crest shareholders. Silver Crest also will file other documents
regarding the proposed transaction with the SEC. Before making any voting decision, investors and security holders of Silver Crest are
urged to read the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed
with the SEC in connection with the proposed transaction as they become available because they will contain important information about
the proposed transaction.
Investors and security holders
will be able to obtain free copies of the registration statement, the proxy statement/prospectus and all other relevant documents filed
or that will be filed with the SEC by Silver Crest through the website maintained by the SEC at www.sec.gov.
The documents filed by Silver
Crest with the SEC also may be obtained free of charge upon written request to Suite 3501, 35/F, Jardine House, 1 Connaught Place, Central,
Hong Kong.
Participants in Solicitation
Silver Crest and its directors
and executive officers may be deemed to be participants in the solicitation of proxies from Silver Crest's shareholders in connection
with the proposed transaction. A list of the names of directors and executive officers of Silver Crest and information regarding their
interests in the business combination will be contained in the proxy statement/prospectus when available. You may obtain free copies of
these documents as described in the preceding paragraph.
No Offer or Solicitation
This Current Report on
Form 8-K is for informational purposes only and is neither an offer to purchase, nor a solicitation of an offer to sell, subscribe
for or buy any securities or the solicitation of any vote in any jurisdiction pursuant to the proposed transactions or otherwise,
nor shall there be any sale, issuance or transfer or securities in any jurisdiction in contravention of applicable law. No offer of
securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act.
Forward-Looking Statements Legend
This Current Report on Form
8-K contains certain forward-looking statements within the meaning of the federal securities laws with respect to the proposed transaction
between THIL and Silver Crest. These forward-looking statements generally are identified by the words “believe,” “project,”
“expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,”
“opportunity,” “plan,” “may,” “should,” “will,” “would,” “will
be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions,
projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject
to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in
this document, including but not limited to: (i) the risk that the transaction may not be completed in a timely manner or at all, which
may adversely affect the price of Silver Crest’s securities, (ii) the risk that the transaction may not be completed by Silver Crest’s
business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by Silver
Crest, (iii) the failure to satisfy the conditions to the consummation of the transaction, including the adoption of the Merger Agreement
by the shareholders of Silver Crest, the satisfaction of the minimum trust account amount following redemptions by Silver Crest's public
shareholders and the receipt of certain governmental and regulatory approvals, (iv) the lack of a third party valuation in determining
whether or not to pursue the proposed transaction, (v) the occurrence of any event, change or other circumstance that could give rise
to the termination of the Merger Agreement, (vi) the effect of the announcement or pendency of the transaction on THIL’s business
relationships, operating results, and business generally, (vii) risks that the proposed transaction disrupts current plans and operations
of THIL and potential difficulties in THIL employee retention as a result of the transaction, (viii) the outcome of any legal proceedings
that may be instituted against THIL or against Silver Crest related to the Merger Agreement or the proposed transaction, (ix) the ability
to obtain approval for listing or maintain the listing of THIL’s securities on a national securities exchange, (x) the price of
Silver Crest’s securities may be volatile due to a variety of factors, including changes in the competitive and regulated industries
in which THIL operates, variations in operating performance across competitors, changes in laws and regulations affecting THIL’s
business, THIL’s inability to implement its business plan or meet or exceed its financial projections and changes in the combined
capital structure, (xi) the ability to implement business plans, forecasts, and other expectations after the completion of the proposed
transaction, and identify and realize additional opportunities, and (xii) the effects of natural disasters, terrorist attacks and the
spread and/or abatement of infectious diseases, such as COVID-19, on the proposed transactions or on the ability to implement
business plans, forecasts, and other expectations after the completion of the proposed transactions. The foregoing list of factors is
not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk
Factors” section of Silver Crest’s registration statement on Form S-1 (File No. 333-251655), the joint proxy statement/prospectus
on Form F-4 discussed above and other documents filed by Silver Crest from time to time with the SEC. These filings identify and address
other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking
statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking
statements, and THIL and Silver Crest assume no obligation and do not intend to update or revise these forward-looking statements, whether
as a result of new information, future events, or otherwise. Neither THIL nor Silver Crest gives any assurance that either THIL or Silver
Crest, or the combined company, will achieve its expectations.