Company: APXIF
Filing Date: 2025-06-13
Form Type: F-4/A
Source: 0001213900-25-054324
Chunk: 691

Company: APx Acquisition Corp. I
Filing Date: 2025-06-13
Form: F-4/A
Chunk 691
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 value Bank loans fair values are not materially different from their carrying amounts, since they are of a short -termnature. In relation to loans from related parties, fair values are as follows:

|                            |     | As of June 30, 2024 |     |           |     | As of June 30, 2023 |     |           |
|:---------------------------|:----|--------------------:|:----|----------:|:----|--------------------:|:----|----------:|
|                            |     |           Amortized 
                cost |     |      Fair 
     value |     |           Amortized 
                cost |     |      Fair 
     value |
| Loans from related parties |     |           2,661,008 |     | 1,992,618 |     |           1,129,957 |     | 1,016,705 |

The fair values of non -currentborrowings are based on discounted cash flows using a current borrowing rate. They are classified as level 2 fair values in the fair value hierarchy (see note 3(d)).

F-148

Notes to Combined Financial Statements (Amounts in US Dollars, except otherwise indicated) 13.Trade and other payables

|                                |     |         As of 
 June 30, 2024 |     |         As of 
 June 30, 2023 |
|:-------------------------------|:----|--------------:|:----|--------------:|
| Trade payables                 |     |     1,502,292 |     |       399,234 |
| Tax payables                   |     |        59,560 |     |        64,202 |
| Total trade and other payables |     |     1,561,852 |     |       463,436 |

The fair value of payables approximates their respective carrying amounts because, due to their short -termnature, the effect of discounting is not considered significant. 14. Shared-based incentives Deferred Share Right Plan The Deferred Share Right plan (the “Plan”), established in 2024 at the sole discretion of the Shareholders of Heritas Ltd. to provide long -termincentives for key employees, advisors, and contractors, aims to deliver long -termvalue to shareholders by incentivizing participants to improve business performance. Under the Plan, participants are granted Deferred Share Rights (“DSRs”) in the Parent entity, Heritas Ltd. These rights entitle participants to receive shares