The accompanying consolidated financial statements reflect the activities of the Company and each of the following entities: | | | | | Percentage of effective ownership | | | | | | | Name | | Background | | December 31,
2025 | | | June 30,
2026 | | | Ownership | | Principal Activities | | Megan Holdings Limited (“MHL”) | | – A Cayman Islands company – Incorporated on December 7, 2022 – Issued share capital of USD0.0001 | | | N/A | | | | N/A | | | The listing entity | | Investment holding | | Megan Mezanin Sdn Bhd (“MMSB”) | | – A Malaysian company – Incorporated on February 13, 2020 – Issued share capital of MYR250,000 | | | 100 | % | | | 100 | % | | Wholly-owned by MHL | | Development, construction and maintenance of aquaculture and agriculture farms and related works | | Megan Technologies Sdn Bhd (“MTSB”) | | – A Malaysian company – Incorporated on March 18, 2024 – Issued share capital of MYR200,000 | | | 99.99 | % | | | 99.99 | % | | Partially-owned by MMSB | | Supply and installation of Smart Industrial Technologies and Solutions | | Megan Bio-Development Sdn Bhd (“MBDSB”) | | – A Malaysian company – Incorporated on January 7, 2026 – Issued share capital of MYR100 | | | 100 | % | | | 100 | % | | Wholly-owned by MMSB | | Dormant — incorporated January 2026 |
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