Sponsor: If Asia-Pacific strategic investment is not increased in time, operations will be affected.

Asia-Pacific Strategic Investment revealed its response to the SGX’s inquiry on Wednesday (June 4). Its sponsor is PrimePartners Corporate Finance.

Asia Pacific Strategic Investment stock price remained flat at 0.1 points on Wednesday.

Zhu Yaoming was formerly the chairman and CEO of Asia-Pacific Strategic Investment. He was summoned by the police for inquiry in April this year. Later, he reached a settlement agreement with investors regarding the investment dispute between cryptocurrency and blockchain businesses in East Timor. The group refunded investors $8 million in two phases.

The sponsor made the above response in response to the Singapore Exchange regarding the impact of Choo Yeow Ming's resignation as a non-executive director on May 28 on the company's business, operational and financial impact.

"Nevertheless, the resignation on May 28 may address the wider business and reputation concerns of the company's external stakeholders. While the company currently has no urgent liquidity issues and is exploring ways to resolve the current issues, the risk that the company cannot obtain appropriate additional funds in a timely manner will adversely affect its ability to continue to operate normally."

It said it did not expect Zhu Yaoming's resignation would cause any significant interference to the group's operations. The repayment of loans between companies is a positive development for the Group, although given the group's net liabilities of RMB 9.98 million and Zhu Yaoming's suspension of financial support, the Group needs further measures to strengthen its financial position.

The sponsor of Asia-Pacific Strategic Investments, a Kelly-listed company, said in response to the Singapore Exchange that although there are currently no urgent liquidity issues and are exploring ways to solve the current problems, the risk of its inability to obtain appropriate additional funds in a timely manner will have an adverse impact on its ability to continue to operate normally.

As for the source of the $2 million fund that the group has remitted to investors, the board of directors of Asia Pacific Strategic Investment revealed that it came from an interest-free loan provided by Zhu Yaoming to the company on May 5, 2025.