Walnut Capital Limited — Net Asset Value 2007

Mar 14, 2007

APEX CAPITAL LIMITED

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 905)

As at 28 February 2007, the unaudited consolidated net asset value per share of Apex Capital Limited was approximately HK$0.042.

By order of the Board Apex Capital Limited Mung Kin Keung Executive Director

Hong Kong, 14 March 2007

As at the date of this announcement, the Board is comprised of: Executive directors Mr. Mung Kin Keung, Mr. Ha Wing Ho, Peter, Mr. Leong Chi Wai and Mr. Leung King Yue, Alex; Independent non-executive directors Mr. Chee Man Sang, Eric, Mr. Lo Tak Kin and Ms. Yu Tin Yan, Winnie.

Please also refer to the published version of this announcement in The Standard.

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