Reference is made to the announcements by the Company dated 1 December 2022, 5 December 2022, 13 December 2022, 27 January 2023, 8 March 2023, 22 March 2023, 30 June 2023, 7 September 2023, 27 September 2023 and 30 October 2023.

The Company wishes to inform that a Consent Judgement (“CJ”) entered between the Securities Commission Malaysia (“the Plaintiff”), Apex Equity Holdings Berhad (“the Company” or “Apex Equity”) and Apex Securities Berhad (“Apex Securities”) had been recorded at the High Court yesterday.

The salient terms of the CJ are as follows:

• In the event that the Company wishes to appoint any person to its Board of Directors, the Company shall appoint a person who has no prior relationship, interaction and/or connection with ACE Holdings Berhad (“ACE”) or any related companies with ACE.

• Apex Securities and Apex Equity respectively, shall withdraw their applications to strike out the Plaintiff’s claim.

• The Plaintiff’s claim herein against Apex Securities and Apex Equity respectively shall be concluded.

• Apex Securities shall withdraw its judicial review application against the Plaintiff herein vide an Application for Judicial Review No. WA-25-540-10/2022 filed on 19.10.2022 (“JR Proceedings”) before the High Court of Malaya at Kuala Lumpur in relation to the Additional Conditions imposed by the Plaintiff with no orders as to costs.

• Each party to bear its own costs.

Upon filing of the CJ, the material litigation against the Company and Apex Securities is hereby concluded.

The Company further wishes to inform that the next case management is fixed on 21.12.2023 for the Plaintiff to update the High Court on the status of the JR Proceedings.

Further announcements on the development of the above matter will be made to Bursa Malaysia where necessary.

This announcement is dated 24 November 2023.