(Unless otherwise stated, all abbreviations used herein shall have the same meanings as those stated in the announcement dated 28 November 2025 in relation to the Proposed Regularisation Plan ("Requisite Announcement"))

Reference is made to the Requisite Announcement in relation to the Proposed Regularisation Plan, comprising the following:

(i) Proposed Share Capital Reduction;

(ii) Proposed Diversification; and

(iii) Proposed Variations.

On behalf of the Board, M & A Securities wishes to announce that Lambo has decided to remove the Proposed Variations from the Proposed Regularisation Plan.

Upon further review and having reassessed the Group's working capital requirements, the Board is of the view that the Group has sufficient working capital to fund its F&B Business without utilising the unutilised proceeds from the Total Proceeds Raised. Accordingly, the Board has resolved to retain the original allocation of the remaining unutilised proceeds and extend the timeframe for such utilisation up to June 2027.

As such, the Proposed Regularisation Plan shall now comprise the following:

(i) Proposed Share Capital Reduction; and

(ii) Proposed Diversification.

The removal of the Proposed Variations will not change the effects of the Proposed Regularisation Plan on the issued share capital, substantial shareholders' shareholding, earnings and earnings per share of the Group, as disclosed in the Requisite Announcement.

Save as disclosed, there are no other material changes to the Proposed Regularisation Plan.

This announcement is dated 24 June 2026.