Company: APXIF
Filing Date: 2025-07-18
Form Type: F-4/A
Source: 0001213900-25-065703
Chunk: 654

Company: APx Acquisition Corp. I
Filing Date: 2025-07-18
Form: F-4/A
Chunk 654
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 25%.

F-108

Notes to Unaudited Interim Condensed Combined Financial Statements (Amounts in US Dollars, except otherwise indicated) 15.Income tax (cont.) Below is a reconciliation between income tax expense and the tax calculated applying the current tax rate to loss before taxes for the periods ended December 31, 2024, and 2023:

|                                       |     |        As of 
 December 31, 
         2024 |   |     |        As of 
 December 31, 
         2023 |   |
|:--------------------------------------|:----|-------------:|:--|:----|-------------:|:--|
| Loss before tax                       |     |   (1,322,306 | ) |     |   (1,434,684 | ) |
| Tax rate                              |     |           25 | % |     |           25 | % |
| Income tax (benefit)                  |     |      330,577 |   |     |      358,671 |   |
| Adjustments:                          |     |              |   |     |              |   |
| Unrecognized tax losses               |     |     (190,118 | ) |     |     (382,693 | ) |
| Unrecognized deferred tax assets      |     |            — |   |     |          902 |   |
| Inflation adjustment (IAS 29)         |     |      169,793 |   |     |       76,178 |   |
| Tax inflation adjustment              |     |     (132,436 | ) |     |      (60,813 | ) |
| Share based incentive                 |     |      (43,430 | ) |     |              |   |
| Non-deductible expenses               |     |     (134,386 | ) |     |       (1,588 | ) |
| Other                                 |     |            — |   |     |        9,343 |   |
| Income tax from continuing operations |     |            — |   |     |            — |   |

Principal Statutory Tax Rates by Jurisdiction The principal statutory income tax rates applicable in the jurisdictions where the Group operates for all the periods presented are summarized below:

| Tax Jurisdiction |     | As of        
 December 31, 
 2024         |     | As of        
 December 31, 
 2023         |
|:-----------------|:----|:-------------|