Alps Group Inc. Share Consolidation and Capital Increase Proposal

Alps Group Inc. is holding an Extraordinary General Meeting on October 21, 2026, to vote on several proposals. The key proposals include a share consolidation, where every five ordinary or preferred shares will be consolidated into one share of a proportionally higher par value. This is intended to help the company comply with Nasdaq's minimum bid price requirements. Additionally, shareholders will vote on increasing the company's authorized share capital to facilitate future flexibility. The meeting also includes a proposal to adopt a Second Amended and Restated Memorandum and Articles of Association to reflect these changes, and a proposal to adjourn the meeting if necessary. The Board of Directors recommends voting in favor of all proposals.