Plutus Financial Group Limited Merger Agreement Amendment

Plutus Financial Group Limited (Plutus) has executed a Second Amendment to its Merger Agreement with Choco Up Group Holdings Limited. This amendment, dated March 31, 2026, further extends the "Outside Date" for the merger completion to June 30, 2026. The original merger agreement was entered into on July 9, 2025, with an initial outside date of December 31, 2025, which was previously extended to March 31, 2026, via a First Amendment. The extension is intended to allow additional time for the satisfaction of closing conditions, including obtaining Nasdaq approval for the Listing Application. The amendment clarifies that the right to terminate the agreement under the extended Outside Date is subject to conditions, including good faith discussions for alternative solutions if certain conditions are met.