The Board of Directors of Apex Equity Holdings Berhad (“Company” or “APEX”) wishes to announce that the Company and its wholly owned subsidiary, Apex Securities Berhad (formerly known as JF Apex Securities Berhad) (“Apex Securities”) and 11 others had received a letter dated 29 November 2022 from Messrs. Lim Chee Wee Partnership, the advocates & solicitors acting for Securities Commission Malaysia (“SC”), accompanied by a Writ of Summons dated 29 November 2022 and Statement of Claim dated 29 November 2022 (“Suit”) issued by the Kuala Lumpur High Court (“Court”) demanding a declaration that Apex Securities had contravened the Securities Laws as ACE Holdings Berhad (“ACE”) had become a controller of Apex Securities, when ACE is not a fit and proper person to become a controller of Apex Securities.

Please refer to the attachment for further details.

This announcement is dated 1 December 2022.