The board of directors of OneApex Limited announced that the company has incorporated the wholly-owned subsidiary in Singapore. The incorporation of OneFortune Holdings Pte. Ltd. ("New Subsidiary") was funded through internal resources and is not expected to have any material impact on the earnings per share and the net tangible assets per share of the Group for the financial year ending 30 September 2019. Principal activity of subsidiary is investment holding company and date of incorporation is September 20, 2019.

Save for Mr. Tan Pei Hong, Alex (Chen Peifeng) and Mr. Chiu Joon Sun (Zhao Junsheng), each of whom is a director of the New Subsidiary, none of the Directors or controlling shareholders of the Company or their respective associates have any interest, direct or indirect (other than through their respective shareholdings (if any) in the Company), in the incorporation of the New Subsidiary.