Reference is made to the Company's announcement dated 30 March 2026 in relation to the extension of time application for the Proposed Regularisation Plan.

On behalf of the Board of Directors of Lambo, M & A Securities wishes to announce that Bursa Securities had vide its letter dated 12 May 2026 informed that after due consideration of all facts and circumstances of the matter, including M & A Securities' written representations, Bursa Securities has decided to allow the further appeal and grant the Company a further extension of time of until 30 June 2026 to submit its regularisation plan to the relevant authorities for approval ("Extended Timeframe").

Bursa Securities has further decided to de-list the securities of Lambo from the Official List of Bursa Securities pursuant to Rule 8.04 of the ACE Market Listing Requirements of Bursa Securities in the event:

(i) the Company fails to submit the regularisation plan to the relevant authorities for approval within the Extended Timeframe i.e. on or before 30 June 2026;

(ii) the Company fails to obtain the approval for the implementation of its regularisation plan and does not appeal within the timeframe (or extended timeframe, as the case may be) prescribed to lodge an appeal;

(iii) the Company does not succeed in its appeal; or

(iv) the Company fails to implement its regularisation plan within the timeframe or extended timeframes stipulated by the relevant authorities.

Upon occurrence of any of the events set out in (i) to (iv) above, the securities of the Company shall be removed from the Official List of Bursa Securities upon the expiry of two (2) market days from the date the Company is notified by Bursa Securities or on such other date as may be specified by Bursa Securities.

This announcement is dated 12 May 2026.