APAC Resources Limited — Net Asset Value 2026

Mar 22, 2026

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

APAC RESOURCES LIMITED

亞太資源有限公司

(Incorporated in Bermuda and re-domiciled to Hong Kong with limited liability)

(Stock Code: 1104)

(Warrant Code: 2478)

VOLUNTARY ANNOUNCEMENT

NET ASSET VALUE

This announcement is made by APAC Resources Limited (the "Company") on a voluntary basis.

As at 31 January 2026, the unaudited consolidated net asset value per share of the Company based on its unaudited consolidated management accounts and the market value of its listed investments adjusted for the market prices of its investments in listed associates is approximately

HK$5.33

The calculation of the unaudited consolidated net asset value per share of the Company is based on 1,480,777,780 shares of the Company in issue as at 31 January 2026.

On behalf of the Board

APAC Resources Limited

Andrew Ferguson

Executive Director

Hong Kong, 23 March 2026

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As at the date of this announcement, the directors of the Company are:

Executive Director
Mr. Andrew Ferguson (Chief Executive Officer)

Non-Executive Directors
Mr. Arthur George Dew (Chairman) (Mr. Wong Tai Chun, Mark as his alternate),
Mr. Lee Seng Hui and Ms. Lam Lin Chu

Independent Non-Executive Directors
Mr. Wang Hongqian, Mr. Kelvin Chau Kwok Wing and Mr. Li Chak Hung