On July 2, 2026, Maison Solutions Inc. (the "Company") entered into an Equity Purchase Agreement (the "Agreement") with DNL Management Inc., a California corporation (the "Buyer"). Pursuant to the Agreement, the Company agreed to sell all of its 91.67% equity interest (the "Equity Interest"), representing 91.67% of the issued and outstanding shares of common stock, in Super HK of El Monte, Inc., a California corporation ("Super HK of El Monte"), to the Buyer.

 

The purchase price for the Equity Interest is one dollar ($1.00). The transaction contemplated by the Agreement closed on July 2, 2026, simultaneously with the execution of the Agreement. The Agreement was approved by the Company’s Board of Directors on July 2, 2026. Solely as between the Company and the Buyer, the sale of the Equity Interest is deemed effective as of 12:01 a.m. Pacific Time on April 30, 2026; such effective time governs the allocation of the economic results of Super HK of El Monte between the parties only and does not alter the date on which legal title transferred.

 

Under the Agreement, the Buyer acquired the Equity Interest on an "as-is, where-is" basis and assumed all debts, obligations, and liabilities of Super HK of El Monte of any kind, whether known or unknown and whether arising before, on, or after the closing. The Agreement contains customary representations, warranties, and covenants by both the Company and the Buyer.