MGN SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Reminds Megan Holdings Limited Investors of Securities Class Action Lawsuit Deadline on September 8, 2026

Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Megan Holdings Limited ("Megan" or the "Company") (NASDAQ: MGN) and reminds investors of the September 8, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

The complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Megan was the subject of a market manipulation and fraudulent promotion scheme involving social-media based misinformation and impersonators posing as financial professionals; (2) Megan's public statements and risk disclosures omitted any mention of the realized risk of fraudulent trading or market manipulation used to drive the Company's stock price; (3) as a result, Megan securities were at unique risk of a sustained suspension in trading by NASDAQ and severe volatility-induced decline; (4) the sole underwriter on the IPO, DBC (defined below), had conducted numerous microcap IPOs that suffered volatility-induced declines resulting from market manipulation schemes; (5) the Company suffered from material weaknesses in its internal accounting and financial reporting controls; and (6) as a result of the foregoing, Defendants' positive statements about the Company's business, operations and prospects were materially misleading and/or lacked a reasonable basis.

On March 26, 2026, a coordinated "dump" of Megan shares occurred afterhours, which led to the stock opening at just $0.423 per share on volume of approximately 6.8 million shares, a decline of 90% from the prior day's closing price, with NASDAQ halting trading multiple times throughout the day.

On this news, Megan Holdings Limited's stock price fell $3.96, or 93.4%, to close at $0.28 per share on March 26, 2026, on trading volume of 39,239,600.

Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.