{"url_path":"/sec/apex/10-k/2026/item-7","section_key":"item-7","section_title":"Item 7 ****MAJOR","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-05-12","source_url":"https://www.sec.gov/Archives/edgar/data/2069858/0001213900-26-054917-index.html","accession_number":"0001213900-26-054917","cik":"0002069858","ticker":"APEX","issuer_name":"APEX Global Solutions Ltd","edgar_url":"https://www.sec.gov/Archives/edgar/data/2069858/0001213900-26-054917-index.html","primary_entity_key":"0002069858","primary_entity_name":"APEX Global Solutions Ltd"},"word_count":1112,"has_tables":true,"body_markdown":"**ITEM 7.****MAJOR\nSHAREHOLDERS AND RELATED PARTY TRANSACTIONS**\n\n** **\n\n**7.A. Major\nShareholders**\n\n** **\n\nThe\nfollowing table sets forth certain information with respect to the beneficial ownership of our Ordinary Shares as of the date of this\nannual report for (i) each of our executive officers and directors; (ii) all of our executive officers and directors as a group; and\n(iii) each other shareholder known by us to be the beneficial owner of 5% or more of our outstanding Ordinary Shares of each class (Class\nA Ordinary Shares or Class B Ordinary Shares). The following table assumes that the underwriters have not exercised the over-allotment\noption.\n\n \n\nUnless\notherwise indicated, the address of each beneficial owner listed in the table below is c/o APEX Global Solutions Limited, 1 Tuas View\nPlace, #03-14, Westlink One, Singapore 637433.\n\n \n\n  \n**Beneficial Ownership(1)**  \nPercent\nof  \nPercent\nof  \nPercent\nof\nTotal\nVoting  \nPercent\nof\nTotal\nVoting \n\n  \nClass\nA\nOrdinary\nShares  \nClass\nB\nOrdinary\nShares  \n**Class\nA Ordinary Shares(2)**  \n**Class\nB Ordinary Shares(3)**  \n**Shares\nPrior to Offering(4)**  \n**Shares\nAfter Offering(4)(5)** \n\nDirectors\nand Executive Officers: \n   \n   \n   \n   \n   \n  \n\nGoh\nKwang Yong, Chairman and Chief Executive Officer(6) \n 10,000,000  \n 3,750,000  \n 47.1% \n 100% \n 88.3% \n 86.1%\n\nWan\nHwee Chein, Director and Chief Operating Officer(6) \n 10,000,000  \n 3,750,000  \n 47.1% \n 100% \n 88.3% \n 86.1%\n\nFoo\nLing Han, Chief Financial Officer \n -  \n -  \n *  \n *  \n *  \n * \n\nLok\nTze Kong, Director \n -  \n -  \n *  \n *  \n *  \n * \n\nYang\nPik Wei, Director \n -  \n -  \n *  \n *  \n *  \n * \n\nYap\nJin Yuan, Director \n -  \n -  \n *  \n *  \n *  \n * \n\nAll\ndirectors and executive officers as a group \n 10,000,000  \n 3,750,000  \n 47.1% \n 100% \n 88.3% \n 86.1%\n\n  \n    \n    \n    \n    \n    \n   \n\nOther\nPrincipal Shareholders: \n    \n    \n    \n    \n    \n   \n\nTriggen\nHoldings Limited(7) \n 2,207,500  \n -  \n 10.4% \n *  \n 2.3% \n 1.0%\n\nJeneric\nHoldings(6) \n 10,000,000  \n 3,750,000  \n 47.1% \n 100% \n 88.3% \n 86.1%\n\n \n\n*\nLess than 1%.\n\n \n\n(1)\nBeneficial Ownership is\ndetermined in accordance with the rules of the SEC and generally includes voting or investment power with respect to securities.\nExcept as noted below, each of the beneficial owners listed above has direct ownership of and sole voting power and investment power\nwith respect to the ordinary shares. For each beneficial owner above, any options exercisable within 60 days have been included in\nthe denominator.\n\n \n\n(2)\n Based on 21,250,000\nClass A Ordinary Shares issued and outstanding as of the date of this annual report. Holders of Class A Ordinary Shares are entitled\nto one (1) vote per share.\n\n \n \n\n(3)\nBased on 3,750,000 Class\nB Ordinary Shares issued and outstanding as of the date of this annual report. Holders of Class B Ordinary Shares are entitled to\ntwenty (20) votes per share. Pursuant to our Memorandum and Articles of Association, Class B Ordinary Shares are convertible into\nClass A Ordinary Shares at the option of the holder on a 1:1 basis.\n\n \n\n(4)\nPercentage of Total Voting\nShares represents total ownership with respect to all Class A Ordinary Shares and Class B Ordinary Shares, which vote together as\na single class on all matters.\n\n \n\n61\n\n \n\n \n\n(5)\nBased on 23,750,000 Class\nA Ordinary Shares expected to be outstanding upon completion of our planned initial public offering, assuming the underwriters do\nnot exercise their over-allotment option, and 3,750,000 Class B Ordinary Shares issued and outstanding.\n\n \n \n\n(6)\nRepresents 10,000,000 Class\nA and 3,750,000 Class B Ordinary Shares held by Jeneric Holdings Pte. Ltd. Goh Kwang Yong is the sole director and the controlling\nshareholder of Jeneric Holdings, and has voting and dispositive power over the securities held by Jeneric Holdings. Mr. Goh disclaims\nbeneficial ownership of such securities except to the extent of his pecuniary interest therein. Wan Hwee Chein and Mr. Goh are spouses.\n\n \n \n\n(7)\nThe registered address\nof Triggen Holdings Limited is Asia Leading Chambers, Road Town, Tortola VG1110, British Virgin Islands. Ang Yaw Chung is the sole\ndirector and owner of Triggen Holdings Limited, exercises voting and dispositive power over the securities it holds, and is deemed\nthe beneficial owner of such securities. Its percent of total voting shares after our planned initial public offering reflects\nits anticipated sale of 1,250,000 Class A Ordinary Shares in the offering as the Selling Shareholder. For more information, please\nsee “—*Selling Shareholder*” below.\n\n \n\nAs\nof the date of this annual report, to our knowledge, none of our outstanding Ordinary Shares are held in the United States. Except for\nthe Class B Ordinary Shares held by Jeneric Holdings Pte. Ltd., none of our major shareholders have different voting rights from other\nshareholders. We are not aware of any arrangement that may, at a subsequent date, result in a change of control of our company.\n\n \n\n**7.B. Related\nParty Transactions**\n\n** **\n\nUnless\notherwise noted, the following is a description of related party transactions we have entered into since January 1, 2025 with any of\nthe members of our board of directors, any executive officer, any holder of more than 5% of our ordinary shares at the time of such transaction,\nor any members of their immediate family, that had or will have a direct or indirect material interest, other than compensation arrangements,\nwhich are described under “*Item 6. Directors, Senior Management and Employees—6.B. Compensation*.”\n\n \n\n●We\noccupy office space at no cost pursuant to an arrangement with Jebs Enterprise Pte. Ltd.\nThe office space is located at 1 Tuas View Place, #03-14, Westlink One, Singapore 637433,\nwhich is our principal executive office.\n\n \n\n●In\n2025, we seconded one office employee to PT Jeneric Jaya, an entity of which our director,\nMr. Goh Kwang Yong, also serves as a director, to perform management functions. The total\namount for the secondment in 2025 was S$48,000 (approximately $37,330), which includes salary,\nstatutory contributions, and overhead allocations. The seconded employee remained on our\npayroll, and PT Jeneric Jaya reimbursed us for the related costs. This secondment arrangement\nis continuing as of the date of this annual report, and we estimate that the total amount\npayable by PT Jeneric Jaya in respect of the secondment for the year ending December 31,\n2026 will be at a level comparable to that of 2025.\n\n \n\n●In\n2025, we incurred rental expenses of S$720,958 (approximately $560,689) for equipment leased\nfrom Jebs Enterprise Pte. Ltd., an entity affiliated with Mr. Goh Kwang Yong. The lease is\ncontinuing as of the date of this annual report; from January 1, 2026 through May 1, 2026,\nwe have incurred rental expenses of S$215,897 (approximately $169,770), of which S$76,152\nremained outstanding as of May 1, 2026.\n\n \n\nOur\naudit committee is responsible for reviewing and approving all transactions and arrangements between us or any subsidiaries and principal\nshareholders, directors, and officers. In reviewing and approving any such transactions, our audit committee is tasked to consider all\nrelevant facts and circumstances, including, but not limited to, whether the transaction is on terms comparable to those that could be\nobtained in an arm’s-length transaction and the extent of the related person’s interest in the transaction.\n\n \n\n**7.C. Interests\nof Experts and Counsel**\n\n** **\n\nNot\nApplicable.\n\n \n\n62"}