Megan Holding Confirms Shareholder Lock-Up Agreements

Megan Holding issued the following statement regarding recent volatility in its share price. The company confirms that its directors, executive officers, shareholders holding 5% or more of its outstanding Class A Ordinary Shares or Class B Ordinary Shares, and certain other shareholders remain subject to lock-up agreements. These agreements restrict the sale of their shares for a period of 180 days following the closing of the company's recent follow-on offering, which occurred on February 27, 2026. Accordingly, these parties are not permitted to sell their shares until the expiration of the applicable lock-up period. The company said, "The Company further notes that recent updates by certain trading platforms to the Company's reported public float reflect information previously disclosed in connection with the Company's follow-on offering. These updates do not represent any new issuance or unlocking of shares, or any change in the Company's capital structure beyond what has already been publicly disclosed. As of the date of this release, there has been no material increase in freely tradable shares beyond previously disclosed levels. The Company believes that recent share price volatility may be attributable, in part, to market dynamics, including data updates across trading platforms and limited liquidity during after-hours trading. There has been no fundamental change in the Company's business, operations, or financial condition. Megan Holdings Limited remains focused on executing its strategic initiatives and delivering long-term value to its shareholders."