Kuala Lumpur, Malaysia, April  14, 2026  (GLOBE NEWSWIRE) --  Megan Holdings Limited (NASDAQ:MGN) (the &#34;Company&#34;) today issued the following statement regarding recent volatility in its share price.  The Company confirms

Megan Holdings Limited Issues Statement Regarding Recent Share Price Volatility

Megan Holdings Addresses Share Price Volatility and Lock-Up Agreement

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Kuala Lumpur, Malaysia, April  14, 2026  (GLOBE NEWSWIRE) --  Megan Holdings Limited (NASDAQ:MGN) (the &amp;#34;Company&amp;#34;) today issued the following statement regarding recent volatility in its share price.  The Company confirms</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Megan Holdings Limited clarified that recent share price volatility results from market dynamics, not fundamental changes. Shareholders are under a 180-day lock-up agreement, ensuring no new shares are unlocked. The company remains focused on long-term strategic initiatives, providing stability amidst market fluctuations.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Megan Holdings&#039; share price volatility is not due to new share issuances.</li><li>Directors and significant shareholders are under a lock-up for 180 days.</li><li>Market dynamics, not fundamentals, are driving recent price fluctuations.</li><li>No material change in company&#039;s business or financial condition reported.</li><li>Company focuses on long-term strategic initiatives despite market noise.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>MGN (MGN)</strong></li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This falls under &#039;Corporate Developments&#039; as it pertains to key shareholder agreements and market reactions affecting MGN&#039;s stock performance. Understanding these dynamics allows investors to anticipate future price movements.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Share price volatility could stabilize as the lock-up period restricts selling.</li><li>Market dynamics may lead to clearer trading patterns if liquidity improves.</li><li>Any fundamental news could regenerate interest in MGN shares post lock-up expiration.</li><li>Developments in Megan’s aquaculture projects could drive future growth.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Lock-up period ends August 27, 2026, restricting major shareholder sales.</li><li>Recent follow-on offering closed on February 27, 2026.</li><li>Megan&#039;s business focuses on aquaculture, primarily shrimp farming services.</li><li>No significant increase in publicly traded shares beyond disclosed levels.</li><li>Company has been operational since 2020.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Invest in MGN for potential stability as market volatility subsides over the next 180 days.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p>Kuala Lumpur, Malaysia, April  14, 2026  (GLOBE NEWSWIRE) --  Megan Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/MGN">MGN</a>) (the "Company") today issued the following statement regarding recent volatility in its share price.</p>  <p>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&#39;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.</p>  <p>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.</p>  <p>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&#39;s business, operations, or financial condition.</p>  <p>Megan Holdings Limited remains focused on executing its strategic initiatives and delivering long-term value to its shareholders.</p>  <p><b>About Megan Holdings Limited</b></p>  <p>Megan Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/MGN">MGN</a>) is a Malaysia-based company principally engaged in the development, construction, and maintenance of aquaculture farms and related works. Since its inception in 2020, the Company has strived to establish itself as a trusted and experienced provider of shrimp farm related maintenance services in Malaysia. Complementary to its upgrading and maintenance services, Megan also assists customers with the design and development of new farms, including the development and construction of a shrimp hatchery center in Semporna, Sabah, and the development of a 111-acre shrimp farm in Tawau, Sabah, Malaysia. Megan also assists customers in sourcing building materials and machineries available for rental for use on their farms, positioning itself as a one-stop center for aquaculture and agriculture needs. For more information, please visit the Company's website: <a href="https://www.globenewswire.com/Tracker?data=fdynU-QYl3I0VqbnLjl8rMxEQw3d7nybgIlJF7JU-ca710Z8msAt86ZwL3gsXBUOoz1F-IcEdci7QfIB6IHj3wlEH8vigwhiMuj4L4SIPt7LSOzwBtnwByAor6_Io2Ex" rel="nofollow" target="_blank">https://www.meganmezanin.com/</a>.</p>  <p><b>Forward-Looking Statements</b></p>  <p>Certain statements in this press release are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can find many (but not all) of these statements by the use of words such as "believe," "plan," "expect," "intend," "should," "seek," "estimate," "will," "aim" and "anticipate" or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's filings with the U.S. Securities and Exchange Commission.</p>  <p><b>For media inquiries, please contact:</b></p>  <p><b>Megan Holdings Limited</b></p>  <p>Investor Relations Department</p>  <p><b>Email: </b><a href="https://www.globenewswire.com/Tracker?data=UVkS1WUh3tLP2dKxppCErZywst0SydkW3AqV4ojvEt3f4DBpJ0g8Opr2WLzHcJN0cAqv9VTWJQkgDRAeoTySrMSdRLVL0l5-UC3XTkTv27Q=" rel="nofollow" target="_blank">info@meganmezanin.com</a></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTY4OTQyNSM3NTM0NjExIzUwMDE1MjI1NA=="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/OGVjNzYzZDktNzE3Yi00NDUzLWE5ZmUtYTYwZTA4NjYzNzE2LTUwMDE1MjI1NC0yMDI2LTA0LTE0LWVu/tiny/Megan-Holdings-Limited.png" referrerpolicy="no-referrer-when-downgrade"></img>

Megan Holdings Limited clarified that recent share price volatility results from market dynamics, not fundamental changes. Shareholders are under a 180-day lock-up agreement, ensuring no new shares are unlocked. The company remains focused on long-term strategic initiatives, providing stability amidst market fluctuations.

Megan Holdings Limited Issues Statement Regarding Recent Share Price Volatility

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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