The board of directors of OneApex Limited referred to the company's announcement dated 6 December 2023 in relation to the retirement of Mr. Chee Teck Kwong Patrick ("Mr. Patrick") as the Lead Independent Director of the Company, Mr. Wan Tai Foong ("Mr. Wan") as the Independent Director of the Company and Mr. Chiu Joon Sun ("Mr Chiu") as the Executive Director of the Company with effect from 30 January 2024. Following the retirement of Mr. Patrick, Mr. Wan and Mr. Chiu, the Board wishes to announce the following appointments which will take effect from 30 January 2024: Mr. See Chiau Hwa ("Mr. See") has been appointed as an Independent Non-Executive Director of the Company. Following the appointment of Mr. See, he will also be appointed as Chairman of the Nominating Committee and Remuneration Committee, and a member of the Audit Committee and Risk Committee of the Company.

Ms. Tan Shu Hui Eileen ("Ms. Eileen") has been appointed as a Non-Independent Non- Executive Director of the Company. Following the appointment of Ms. Eileen, she will also be appointed as a member of the Audit Committee, Nominating Committee, Remuneration Committee and Risk Committee of the Company. Consequent to the changes, Mr. Low Chin Parn Eric ("Mr. Low") has been re- designated as a Lead Independent Non-Executive Director of the Company (the "Re- Designation").

Following the Re-Designation, he will be appointed as Chairman of the Audit Committee, and a member of the Nominating Committee, Remuneration Committee and Risk Committee of the Company. Pursuant to the above changes, the Board and Board committees of the Company will be reconstituted, with effect from 30 January 2024, as follows (Reconstitutions): Board of Directors: Mr. Tan Pei Hong, Alex (Executive Chairman and Chief Executive Officer), Mr. Low Chin Parn Eric (Lead Independent Non-Executive Director), Mr. See Chiau Hwa (Independent Non-Executive Director) and Ms. Tan Shu Hui Eileen (Non-Independent Non-Executive Director). Audit Committee: Mr. Low Chin Parn Eric Chairman (Lead Independent Non-Executive Director), Mr. See Chiau Hwa Member (Independent Non-Executive Director) and Ms. Tan Shu Hui Eileen Member (Non-Independent Non-Executive Director).

Nominating Committee: Mr. See Chiau Hwa Chairman (Independent Non-Executive Director), Mr. Low Chin Parn Eric Member (Lead Independent Non-Executive Director) and Ms. Tan Shu Hui Eileen Member (Non-Independent Non-Executive Director). Remuneration Committee: Mr. See Chiau Hwa Chairman (Independent Non-Executive Director), Mr. Low Chin Parn Eric Member (Lead Independent Non-Executive Director) and Ms. Tan Shu Hui Eileen Member (Non-Independent Non-Executive Director). Risk Committee: Mr. Tan Pei Hong, Alex Chairman (Executive Chairman and Chief Executive Officer), Mr. Low Chin Parn Eric Member (Lead Independent Non-Executive Director), Mr. See Chiau Hwa Member (Independent Non-Executive Director) and Ms. Tan Shu Hui Eileen Member (Non-Independent Non-Executive Director).

Pursuant to the Reconstitutions, the Board notes that independent non-executive directors would no longer make up a majority of the Board given that the Chairman of the Board is not independent. In this regard, in order to comply with Provision 2.2 of the Singapore Code of Corporate Governance 2018, the Board and management of the Company are in the process of assessing its options to comply with Provision 2.2 of the Singapore Code of Corporate Governance 2018.