JMG Corporation Ltd — Important, 27-04-2026: Company Update

Following a successful takeover, JMG Corporation's Board of Directors has undergone significant reconstitution. Mr. Neerav Bairagi was appointed Managing Director, alongside new additional and independent directors and a new Chief Financial Officer. Several previous directors and key management personnel have resigned. Additionally, the company has terminated its Joint Development Agreement with AR Challenges Ltd., Israel, for the MSW to Power Project due to prolonged geopolitical instability and Force Majeure conditions. The company anticipates no material financial impact from this project termination.