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Resignation of CEO and appointment of COO

04/06/2009

Following the successful completion of the service agreement with Austock over the last 6 months, Mr Sean Kennedy has resign as CEO of APX effective from today.

During his tenure, Sean had played an important and valuable role in the process of re-positioning APX as a strong securities market operator in Australia. “On behalf of the board, I would like to extend my sincere thanks to Sean for his service to APX and in particular to myself in the last 6 months.” said Mr James Tong, Managing Director of APX.

In order to strengthen APX's management structure, Mr Dustine Pang, the current CFO of APX has been appointed to the newly created position of Chief Operating Officer of APX effective immediately. In his new role Dustine will expand his responsibilities to cover Operations and Support areas, as well as Finance and Control. “Given his qualification and strong experience, I am sure that Dustine will be able to add additional value to APX and myself in his new capacity.” said Mr Tong

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