Madison Holdings Group Ltd. (Madison HLDG) has signed a Fourth Supplemental Agreement to its Third Option Agreement with subscriber SRA, extending the transaction’s long-stop date from 31 May 2026 to 7 August 2026. The extension is intended to allow additional time to satisfy outstanding conditions precedent.

Following the 10-for-1 share consolidation that became effective on 18 May 2026, both parties have realigned the option terms:

• Maximum option shares: reduced from 85.92 million to 8.59 million • Option exercise price: raised from HK$1.03 to HK$10.30 per share

The adjustments preserve (1) the total potential proceeds to Madison HLDG upon full exercise and (2) SRA’s post-exercise ownership percentage, mirroring pre-consolidation economics.

Except for the revised long-stop date and the mechanical adjustments to option size and price, all other provisions of the Third Option Agreement, as previously amended, remain unchanged and in full force.