On behalf of the Board of Directors of Apex ("Board"), M & A Securities Sdn Bhd ("M&A Securities") wishes to announce that the Company proposes to undertake a private placement of up to 10.0% of the total number of issued ordinary shares in Apex ("Apex Shares" or "Shares"), (excluding treasury shares, if any), at an issue price to be determined and fixed at a later date ("Proposed Private Placement").

The Proposed Private Placement will be undertaken in accordance with the general mandate pursuant to Sections 75 and 76 of the Companies Act 2016 ("Act") which was obtained from the shareholders of the Company at its 35th Annual General Meeting ("AGM") convened on 27 November 2025, whereby the Board had been authorised to allot and issue new Apex Shares not exceeding 10.0% of the total number of issued Shares ("General Mandate"). 

Pursuant to the General Mandate obtained from the Company's shareholders, the shareholders have agreed to waive the pre-emptive rights of the shareholders of Apex under Section 85 of the Act and Article 11 of the Articles of Association of the Company, to be offered new Shares ranking equally with existing issued Shares arising from any issuance of new Shares pursuant to the General Mandate.

Kindly refer to the attachment for further details on the Proposed Private Placement.

This announcement is dated 29 May 2026.