On behalf of the Board of Directors of Apex (“Board”), Malacca Securities Sdn. Bhd. (“Malacca Securities”) wishes to announce that the Company is proposing to establish an employees’ shares scheme (“ESS”) of up to 15% of the total number of issued ordinary shares in Apex (“Apex Shares” or the “Shares”) (excluding any treasury shares) at any point in time during the tenure of the scheme for eligible Directors and employees of Apex and its subsidiaries (excluding dormant subsidiaries, if any) (“Apex Group”) or the “Group”).

Further details on the Proposed ESS are set out in the enclosed attachment.

This announcement is dated 9 August 2022