A voltage conversion apparatus is provided. A leakage inductance energy recovery circuit is coupled to a primary side auxiliary winding and a control circuit, and recovers leakage inductance energy of a transformer circuit to supply an operating power to the control circuit. Before a main switch is turned on the next time, leakage inductance energy recovered previously is used to lower a cross-voltage of the main switch, so that transient loss of conduction of the main switch is eliminated or reduced, and circuit efficiency is improved.