MACI · Melar Acquisition Corp. I/Cayman

The Class B ordinary shares are convertible, at the option of the holder, into Class A ordinary shares on a one-for-one basis, for no additional consideration, and have no expiration date. On June 11, 2026, the Reporting Persons elected to convert 5,621,621 Class B ordinary shares held by them into 5,621,621 Class A ordinary shares.

Gautam Ivatury, the Chief Executive Officer and Chairman of the Issuer, is the managing member of Eco Crown Global LLC. Eric Lifshitz, the Chief Operating Officer and director of the Issuer, is the managing member of Melar Capital SPAC Sponsor I LLC. Eco Crown Global LLC and Melar Capital SPAC Sponsor I LLC are the managing members of Melar Acquisition Sponsor I LLC (the "Sponsor") and have voting and investment discretion with respect to the securities held of record by the Sponsor. As such, Gautam Ivatury, Eric Lifshitz, Eco Crown Global LLC and Melar Capital SPAC Sponsor I LLC may be deemed to have beneficial ownership of the securities held of record by the Sponsor. Gautam Ivatury, Eric Lifshitz, Eco Crown Global LLC and Melar Capital SPAC Sponsor I LLC disclaim any beneficial ownership except to the extent of their respective pecuniary interests therein.

The Class B ordinary shares are convertible, at the option of the holder, into Class A ordinary shares on a one-for-one basis, for no additional consideration, and have no expiration date. On June 11, 2026, the Reporting Persons elected to convert 5,621,621 Class B ordinary shares held by them into 5,621,621 Class A ordinary shares.

Gautam Ivatury, the Chief Executive Officer and Chairman of the Issuer, is the managing member of Eco Crown Global LLC. Eric Lifshitz, the Chief Operating Officer and director of the Issuer, is the managing member of Melar Capital SPAC Sponsor I LLC. Eco Crown Global LLC and Melar Capital SPAC Sponsor I LLC are the managing members of Melar Acquisition Sponsor I LLC (the "Sponsor") and have voting and investment discretion with respect to the securities held of record by the Sponsor. As such, Gautam Ivatury, Eric Lifshitz, Eco Crown Global LLC and Melar Capital SPAC Sponsor I LLC may be deemed to have beneficial ownership of the securities held of record by the Sponsor. Gautam Ivatury, Eric Lifshitz, Eco Crown Global LLC and Melar Capital SPAC Sponsor I LLC disclaim any beneficial ownership except to the extent of their respective pecuniary interests therein.

As described in the registration statement on Form S-1 (File No. 333-279899) of Melar Acquisition Corp. I (the "Issuer") under the heading "Description of Securities - Founder Shares," the Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination, or at any time prior to the Issuer's initial business combination, at the option of the holder, on a one-for-one basis, subject to certain adjustments. The Class B ordinary shares have no expiration date.

As contemplated in connection with the initial public offering of the Issuer, 439,189 Class B ordinary shares of the Issuer held by Melar Acquisition Sponsor I LLC (the "Sponsor") were returned to the Issuer for no consideration and cancelled because the underwriters' over-allotment option was not exercised in full.

Gautam Ivatury, the Chief Executive Officer and Chairman of the Issuer, is the managing member of Eco Crown Global LLC. Eric Lifshitz, the Chief Operating Officer and director of the Issuer, is the managing member of Melar Capital SPAC Sponsor I LLC. Eco Crown Global LLC and Melar Capital SPAC Sponsor I LLC are the managing members of the Sponsor and have voting and investment discretion with respect to the securities held of record by the Sponsor. As such, Gautam Ivatury, Eric Lifshitz, Eco Crown Global LLC and Melar Capital SPAC Sponsor I LLC may be deemed to have beneficial ownership of the securities held of record by the Sponsor. Gautam Ivatury, Eric Lifshitz, Eco Crown Global LLC and Melar Capital SPAC Sponsor I LLC disclaim any beneficial ownership except to the extent of their respective pecuniary interests therein.