The company has informed that the Board of Directors of the company in its meeting held on April 28, 2026 at the registered office of the Company, has taken/recorded the following decisions and resolutions: The Board has considered and accepted, JIT International Inc. USA, having its registered address at 45 Lockatong Road, Stockton, New Jersey 08559, USA, to acquire strategic control and management of the Company, (cont.1) subject to compliance with applicable laws, rules, regulations, and necessary approvals. The Board has authorized Mr. Md. Azimul Islam, Director of Alif Industries Limited, to initiate and formalize the takeover process by JIT International Inc. USA, subject to compliance with applicable laws, rules, regulations, and obtaining necessary approvals. The Board has appointed Mr. Mir Hasan Ali and Mr. Ziaul Abedin as Independent Directors of the Company. (cont.2) The Board has also elected Mr. Mir Hasan Ali as the Chairman of the Board of Directors. The Board has also elected Mr. Ziaul Abedin as the Vice Chairman of the Board of Directors. The Board has appointed Mr. Md. Tuhin Reza as the Chief Executive Officer (CEO) of the Company with immediate effect. The Board has authorized the Chief Executive Officer (CEO) to liaise and communicate with all relevant stakeholders, (cont.3) including regulatory authorities, financial institutions, banks, and other concerned parties, for the purpose of facilitating and implementing the proposed transaction in accordance with applicable laws and regulations. The Board has further directed the management of the Company to take all necessary actions to implement the above resolutions and to ensure compliance with all statutory, regulatory, and corporate requirements.

The company has informed that the Registered Office Address of the company has been shifted to the following address: House No.- 47, Road No.- 14, Block- G, Niketon, Gulshan- 1, Dhaka- 1212.