Conference
Call to Discuss Business Combination
On
February 6, 2023, Modulex Modular Buildings Plc (“Modulex”), a UK-based, globally focused “ConstrucTech” manufacturer
of modular buildings and PHP Ventures Acquisition Corp. (“PHP”) (Nasdaq: PPHP / PPHPU / PPHPW/ PPHPR), a special purpose
acquisition company, announced it will host a conference call on Monday, February 13, 2023, at 8:30 a.m. Eastern Time to discuss the
business combination agreement (the “Business Combination Agreement” or “BCA”) announced on December 8, 2022.
Modulex
CEO and Founder Suchit Punnose, and PHP CFO and Director Garry Stein will host the conference call, which can be viewed during the webcast
or accessed via the investor relations section of PHP’s website. Please see Exhibit 99.1 for how to access the call.
Additional
Information and Where to Find It
As
discussed in previous filings, PHP intends to file the Prospectus and Proxy Statement with the SEC, which Prospectus and Proxy Statement
will be delivered to its stockholders once definitive. This document does not contain all the information that should be considered concerning
the Business Combination and the other Stockholder Approval Matters and is not intended to form the basis of any investment decision
or any other decision in respect of the Business Combination and the other Stockholder Approval Matters. PHP’s stockholders and
other interested persons are advised to read, when available, the Prospectus and Proxy Statement and the amendments thereto and other
documents filed in connection with the Business Combination and other Stockholder Approval Matters, as these materials will contain important
information about PHP, Modulex, the Business Combination and the other Stockholder Approval Matters. When available, the Prospectus and
Proxy Statement and other relevant materials for the Business Combination and other Stockholder Approval Matters will be mailed to stockholders
of PHP as of a record date to be established for voting on the Business Combination and the other Stockholder Approval Matters. Stockholders
will also be able to obtain copies of the Prospectus and Proxy Statement and other documents filed with the SEC, without charge, once
available, at the SEC’s website at www.sec.gov, or by directing a request to: PHP Ventures Acquisition Corp., CT 10-06, Level 10,
Corporate Tower Subang Square, Jalan SS15/4G, Subang Jaya, 47500 Selangor, Malaysia.
No
Offer or Solicitation
This
Current Report on Form 8-K is for informational purposes only and is not intended to and shall not constitute a proxy statement or the
solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Business Combination or PIPE Financing
and is not intended to and shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer
to buy or subscribe for any securities or a solicitation of any vote of approval, nor shall there be any sale, issuance or transfer of
securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under
the securities laws of any such jurisdiction. No offering of securities shall be made except by
means of prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.
Participants
in Solicitation
Modulex
and its directors and executive officers may be deemed participants in the solicitation of proxies from PHP’s stockholders with
respect to the Business Combination and related matters. A list of the names of those directors and executive officers and a description
of their interests in PHP is contained in PHP’s Registration Statement on Form S-1, as filed on June 4, 2021, which was filed with
the SEC and is available free of charge at the SEC’s web site at www.sec.gov, or by directing a request to PHP Ventures Acquisition
Corp., CT 10-06, Level 10, Corporate Tower Subang Square, Jalan SS15/4G, Subang Jaya, 47500 Selangor, Malaysia. Additional information
regarding the interests of such participants will be contained in the Prospectus and Proxy Statement when available.
Modulex
and its directors, managers, and executive officers may also be deemed to be participants in the solicitation of proxies from PHP’s
stockholders in connection with the Business Combination and related matters. A list of the names of such parties and information regarding
their interests in the Business Combination and related matters will be included in the Prospectus and Proxy Statement when available.
