SBC Medical Group Holdings and Pono Capital Two Announce Completion of Business Combination and Plan to Begin Trading on Nasdaq Page 1

SBC Medical Group Holdings Incorporated (“SBC Medical” or the “Company”), a global owner, operator and provider of cosmetic treatment center management services and products, and Pono Capital Two, Inc. (“Pono Capital Two”) (Nasdaq: PTWO), a special purpose acquisition company, today announced the completion of their previously announced business combination (the “Business Combination”). The Business Combination was approved at a special meeting of Pono Capital Two’s stockholders on August 23, 2024 and was completed on September 17, 2024. Commencing September 18, 2024, SBC Medical’s common stock and warrants will trade on the Nasdaq Global Market and the Nasdaq Capital Market (collectively, “Nasdaq”) under the ticker symbols “SBC” and “SBCWW,” respectively.

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