Asia-Pacific Strategic Investments Limited Issues Letter of Demand to Former Chairman and CEO

Key Developments

• Asia-Pacific Strategic Investments Limited (“APSI” or “the Company”) has issued a Letter of Demand (LOD) to its former Chairman and Chief Executive Officer, Dato’ Dr Choo Yeow Ming.
• The demand is for a substantial sum of US\$4,000,000 (approximately S\$5,079,800), relating to alleged breaches of directors’ duties, specifically in connection with Company agreements with the Investor regarding the Timor-Leste Crypto Business.
• The LOD was issued on 4 February 2026, and Dato’ Choo has been given 14 days from the date of the letter to remit payment. Failure to comply may result in the Company instituting legal proceedings to seek all entitled legal reliefs.
• The demand follows a series of previous announcements and ongoing disclosures, including condensed interim financial statements for the six and twelve months ended 30 June 2025, indicating continued scrutiny over the Company’s prior dealings and governance.

Shareholder Considerations & Price Sensitivity

• This announcement is highly material and potentially price-sensitive as it involves a significant claim against a former top executive, which may affect the Company’s financial position and reputation.
• The Company’s shares are currently suspended from trading. However, shareholders and potential investors are strongly advised to exercise caution and refrain from taking any action regarding their securities that could be prejudicial to their interests until further updates are announced.
• The Board has committed to updating shareholders on any further material developments, meaning that future announcements could continue to impact investor sentiment and valuation.
• The Company has referenced possible legal action should the demand remain unmet, which could entail litigation costs, impact on management focus, and potential recovery of the claimed amount.
• The involvement of the Timor-Leste Crypto Business in the allegations underlines exposure to regulatory, operational, and reputational risks in emerging sectors.

Additional Information

• The announcement has been reviewed by the Company’s sponsor, PrimePartners Corporate Finance Pte Ltd, but not by the Singapore Exchange Securities Trading Limited, which assumes no responsibility for the contents or accuracy of the statements made.
• The foreign exchange rate used for conversion is USD 1 : SGD 1.270.
• Shareholders and potential investors are advised to consult their stock brokers, bank managers, solicitors, or other professional advisers if they have any doubts about the actions they should take in response to this situation.

Summary

Asia-Pacific Strategic Investments Limited’s issuance of a Letter of Demand for US\$4 million against its former Chairman and CEO over alleged breaches of directors’ duties is a significant development with financial, legal, and reputational implications. The outcome of this action, and any subsequent legal proceedings, could materially affect the Company’s financials and share value upon resumption of trading. Shareholders should monitor further announcements closely and exercise caution.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult professional advisers before making any investment decisions. The Company’s shares are currently suspended, and future material developments may impact the share price and investor interests. The information is based on the Company’s public announcements as of 4 February 2026 and may be subject to change.

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