Majestic Ideal Holdings Ltd 22/F, China United Plaza, 1002-1008, Tai Nan West Street, Cheung Sha Wan, Kowloon, Hong Kong PROXY STATEMENT AND NOTICE OF EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS To the shareholders of

Majestic Ideal Holdings Ltd

22/F, China United Plaza, 1002-1008, Tai Nan

Cheung Sha Wan, Kowloon, Hong Kong

PROXY STATEMENT AND NOTICE OF EXTRAORDINARY

GENERAL MEETING OF SHAREHOLDERS

You are cordially invited to attend the extraordinary

general meeting of the shareholders of Majestic Ideal Holdings Ltd (the "Company"), which will be held at 11:00 a.m.

(UTC+8:00 (HKT)), on September 12, 2025 (the "Extraordinary General Meeting"). The Extraordinary General Meeting will

be held at the Company's office at 7/F, China United Plaza, 1002-1008, Tai Nan West Street, Cheung Sha Wan, Kowloon, Hong Kong.

Shareholders will be able to attend the meeting in-person and vote.

The matters to be acted upon at the Extraordinary

General Meeting are described in the Proxy Statement and Notice of Extraordinary General Meeting of Shareholders.

YOUR VOTE IS VERY IMPORTANT. WHETHER

OR NOT YOU PLAN TO ATTEND THE EXTRAORDINARY GENERAL MEETING, WE URGE YOU TO VOTE AND SUBMIT YOUR PROXY ON THE INTERNET OR BY MAIL. IF

YOU ARE A REGISTERED SHAREHOLDER AND ATTEND THE EXTRAORDINARY GENERAL MEETING, YOU MAY REVOKE YOUR PROXY AND VOTE YOUR SHARES IN PERSON. IF

YOU HOLD YOUR SHARES THROUGH A BANK OR BROKER AND WANT TO VOTE YOUR SHARES IN PERSON AT THE EXTRAORDINARY GENERAL MEETING, PLEASE CONTACT

YOUR BANK OR BROKER TO OBTAIN A LEGAL PROXY. THANK YOU FOR YOUR SUPPORT.

NOTICE OF EXTRAORDINARY GENERAL MEETING OF

ABOUT THE EXTRAORDINARY GENERAL MEETING OF

What am I voting on?

You will be voting on the following proposals

conditional upon the approval of the Registrar of Companies in the Cayman Islands, the Company's English company name be changed

from "Majestic Ideal Holdings Ltd" to "Ping An Biomedical Co., Ltd." and its dual foreign name in Chinese be

("Proposed Change of Company Name") with effect from the date of entry of the new English name and the dual foreign

name in Chinese of the Company on the register maintained by the Registrar of Companies in the Cayman Islands and the date on which the

certificate of incorporation on change of name is issued by the Registrar of Companies in the Cayman Islands; and

the secretary, and/or the registered office provider of the Company be instructed to notify the Registrar of Companies in the Cayman

Islands of any special resolution so passed, to make any necessary filings in relation thereto, and to do all such acts and things and

execute all such documents as he/she/they consider necessary, desirable or expedient for the purpose of, or in connection with, the implementation

of and giving effect to the Proposed Change of Company Name.

Who is entitled to vote?

You may vote if you owned ordinary shares of

the Company as of the close of business on August 22, 2025, which we refer to as the "Record Date". Each ordinary share is

entitled to one vote. As of August 22, 2025, we had 20,500,000 ordinary shares issued and outstanding.

What is the difference between holding shares

as a shareholder of record and as a beneficial owner?

Certain of our Shareholders hold their shares

in an account at a brokerage firm, bank or other nominee holder, rather than holding share certificates in their own name. As summarized

below, there are some distinctions between shares held of record and those owned beneficially. Shareholder

of Record/Registered Shareholders

If, on the Record Date, your shares were registered

directly in your name with our transfer agent, VStock Transfer LLC, you are a "Shareholder of Record" who may vote at the

Extraordinary General Meeting, and we are sending these proxy materials directly to you. As the Shareholder of Record, you have the right

to direct the voting of your shares by returning the enclosed proxy card to us in order to instruct your proxy(ies) to attend and vote

in person at the Extraordinary General Meeting or to vote in person at the Extraordinary General Meeting. Whether or not you plan to

attend the Extraordinary General Meeting, please complete, date and sign the enclosed proxy card to ensure that your vote is counted.

If, on the Record Date, your shares were held

in an account at a brokerage firm or at a bank or other nominee holder, you are considered the beneficial owner of shares held "in

street name," and these proxy materials are being forwarded to you by your broker or nominee who is considered the Shareholder

of Record for purposes of voting at the Extraordinary General Meeting. As the beneficial owner, you have the right to direct your broker

on how to vote your shares and to attend the Meeting. However, since you are not the Shareholder of Record, you may not vote these shares

in person at the Extraordinary General Meeting unless you receive a valid proxy from your brokerage firm, bank or other nominee holder.

To obtain a valid proxy, you must make a special request of your brokerage firm, bank or other nominee holder. If you do not make this

request, you can still vote by using the voting instruction card enclosed with this proxy statement in order to instruct your proxy(ies)

to attend and vote in person at the Extraordinary General Meeting; however, you will not be able to vote in person at the Extraordinary

How do I vote before the Extraordinary

If you are a registered shareholder, meaning

that you hold your shares in certificate form, you have the following voting options:

Can I change my mind after I return

You may change your vote at any time before the

close at the conclusion of voting on a show of hands at the Extraordinary General Meeting. You may do this by (1) signing another

proxy card with a later date and returning it to us not less than forty-eight (48) hours before the time for holding the Extraordinary

General Meeting at which the person named in such instrument proposes to vote, or (2) voting at the Extraordinary General Meeting

if you are a registered shareholder or have followed the necessary procedures required by your bank or broker.

What if I return my proxy card but do

not provide voting instructions?

Proxies that are signed and returned but do not

contain instructions will be voted "FOR" the proposal(s) concerned in accordance with the best judgment of the named

proxies on any other matters properly brought before the Extraordinary General Meeting when your proxy(ies) attend and vote in person

at the Extraordinary General Meeting.

What does it mean if I receive more than

one proxy card or instruction form?

It indicates that your ordinary shares are registered

differently and are in more than one account. To ensure that all shares are voted, please either vote each account on the Internet, or

sign and return all proxy cards, and have you or your proxy(ies) attend Extraordinary General Meeting in person. We encourage you to

register all your accounts in the same name and address. Those holding shares through a bank or broker should contact their bank or broker

and request consolidation.

How many votes must be present to hold the

Extraordinary General Meeting?

Your shares are counted as present at the Extraordinary

General Meeting if you attend the Extraordinary General Meeting and vote in person or if you properly return a proxy by internet or mail.

In order for us to conduct our Extraordinary General Meeting, at the commencement of the Extraordinary General Meeting, there are two

(2) registered shareholders entitled to vote and present in person (or, in the case of a registered shareholder being a corporation,

by its duly authorised representative) or by proxy representing in excess of 50% of the total issued voting shares in the Company throughout

the Extraordinary General Meeting. This is referred to as a quorum. Abstentions and broker non-votes will be counted for purposes of

establishing a quorum at the Extraordinary General Meeting. If a quorum is not present or represented, the chairman of the Extraordinary

General Meeting may adjourn the Extraordinary General Meeting to the same day in the next week and at such time and place or to

such other day, time or place as the board of directors of the Company may determine.

How many votes are needed to approve the Company's

The Proposal requires affirmative ("FOR")

votes of a majority of not less than two-thirds of votes cast by shareholders present or represented by proxy and entitled to vote at

the Extraordinary General Meeting.

What are Abstentions and Broker Non-Votes?

All votes will be tabulated by the inspector