BIO GREEN MED SOLUTION REPORTS SECOND QUARTER FINANCIAL RESULTS AND PROVIDES BUSINESS UPDATE

KUALA LUMPUR, MALAYSIA, Aug. 12, 2026 (GLOBE NEWSWIRE) -- Bio Green Med Solution, Inc. (NASDAQ: BGMS; "BGMS" or the "Company"), a diversified company engaged primarily in the provision of fire safety protection and distribution activities, today announced second quarter financial results and provided a business update.

Highlights of the second quarter ended June 30, 2026, or in some cases shortly thereafter, include: * In June, the Company, Future NRG Sdn. Bhd., a Malaysia private limited company (“FNRG”) and each of the shareholders of FNRG (the “Selling Shareholders”), entered into a Business Combination Agreement (the “BCA”), pursuant to which the Selling Shareholders will voluntarily exchange all of their ordinary shares in FNRG for shares of common stock, par value $0.001 of the Company (the “Exchange Shares”), resulting in FNRG becoming a wholly owned subsidiary of the Company (the “Exchange”). At the closing of the Exchange: each then-outstanding ordinary share of FNRG will be converted into the right to receive a number of Exchange Shares calculated in accordance with the exchange ratio formula in the BCA, on a pro forma basis and based upon the number of Exchange Shares to be issued in the Exchange, the Selling Shareholders will own approximately more than 99% of the combined company and pre-Exchange Company stockholders will own less than 1% of the combined company. The BCA contains certain closing conditions and termination rights of each of the Company and FNRG. * In June, the Company entered into a Securities Purchase Agreement with certain foreign accredited investors, pursuant to which the investors agreed to purchase from the Company an aggregate of 1,103,338 shares of Common Stock, par value $0.001 of the Company at a purchase price of $0.72 per share for aggregate gross proceeds of $794,403, subject to the terms and conditions of the Purchase Agreement. * In July, the Board of Directors of the Company declared a quarterly cash dividend of $0.15 per share on the Company’s 6% Convertible Exchangeable Preferred Stock, which cash dividend was paid on August 1, 2026, to holders of record as of the close of business on July 23, 2026. “During the second quarter, we continued to sharpen our focus on our fire safety protection and distribution business while maintaining disciplined cost and cash management. Our fire safety business generated $336,000 in product revenue and yielded a gross margin of approximately 23%, while our net loss improved to $0.4 million from $1.3 million in the prior-year period,” said Datuk Dr. Doris Wong Sing Ee, Chief Executive Officer. “We also entered into a Business Combination Agreement with Future NRG and a Securities Purchase Agreement with certain foreign accredited investors. Under the Securities Purchase Agreement, the investors agreed to purchase shares for aggregate gross proceeds of approximately $0.8 million, subject to its terms and conditions. We believe these developments may support our strategy and long-term value creation as we continue to execute in the fire safety sector. The completion of the Exchange remains subject to the closing conditions and termination rights set forth in the BCA, and our forward-looking statements are subject to the risks and uncertainties described below.”