Here are 1-3 brief analogies for Maison Solutions:

• It's like Whole Foods for Asian cuisine, focused on both traditional offerings and modern online shopping.
• Think of it as Amazon Fresh, but specifically for Asian groceries, operating with both large 'hub' stores and smaller neighborhood spots.

The major products offered by Maison Solutions (MSS) are:

• Fresh Asian Produce: A wide variety of Asian vegetables and fruits, including specialty items not typically found in mainstream supermarkets.
• Specialty Meats and Seafood: Fresh meats and a diverse selection of live seafood catering to traditional Asian cuisine.
• Packaged Asian Groceries: A range of Chinese and other Asian specialty food products such as sauces, oils, noodles, and dried goods.
• General Household & Daily Necessities: Other general merchandise and essential daily items available in their supermarket locations.

Maison Solutions (MSS) sells primarily to individuals rather than other businesses. The company serves the following categories of customers:

1. Traditional Asian-American Family-Oriented Customers: This category includes customers who value traditional Asian-American family values and cultural norms, seeking a variety of Asian fresh produce, meat, seafood, and other daily necessities. These customers are primarily targeted by the center stores.
2. Younger Generations within Asian-American Communities: This segment consists of younger customers with new and faster-paced lifestyles. The company caters to their evolving needs through its satellite stores and flexible shopping options, including online ordering and cashier-less experiences.
3. Broader Community and Other Demographics: While the primary focus is on Asian-American communities, Maison Solutions also aims to attract and serve the broader community. Their center stores stock items that appeal to a wider demographic, and the company plans to opportunistically address other populations.

John Xu, Chairman, President and Chief Executive Officer

John Xu has served as a director and CEO of Maison Solutions since 2019. Previously, he was a director and President of J&C International Group LLC, a cross-border investment firm, since 2013, and also served as a director and President of Ideal City Realty, LLC, a real estate investment firm. He is also identified as the founder of Maison Solutions.

Alexandria Marie Lopez, Chief Financial Officer

Alexandria Marie Lopez has been a director and the Chief Financial Officer of Maison Solutions since 2019. Prior to this, she served as Vice President and Chief Financial Officer of J&C International Group LLC. She has over 10 years of financial and accounting experience.

Jacob Cao, Chief Operating Officer

Jacob Cao has served as the Chief Operating Officer since 2025. He possesses extensive experience in the supermarket and e-commerce industries in the United States, with over seven years of expertise in retail operations, warehouse management, and supply chain optimization. Before joining Maison Solutions, he worked for multiple Fortune 500 companies.

Xintong Ma, Chief Strategy Officer

Xintong Ma has been the Chief Strategy Officer in a consulting role since 2025. He has extensive experience in the retail and supply chain sectors and is the founder and CEO of Discount Bull, a hard-discount retail chain with over 300 stores across China. He also launched multiple successful ventures prior to Discount Bull.

Chris Zhang, Vice President, Corporate Development & Strategy

Chris Zhang has been with Maison Solutions since 2021. Before joining the company, he specialized in organizational transformation and strategic business development at CAPCO. He brings significant experience in business operations and strategy, and asset optimization for financial services companies.

Key Risks to the Business:

1. Financial Instability and Dependence on Principal Stockholder: Maison Solutions has historically operated at a net loss and has been in violation of its debt service coverage ratio covenant with American First National Bank as of April 30, 2022, and January 31, 2023. The company explicitly relies on its principal stockholder, who has committed to providing financial support whenever necessary and intends to continue this support following the offering. This ongoing reliance on external financial backing highlights a potential challenge to the company's long-term self-sufficiency and financial stability.
2. Risks Associated with Expansion and Integration of Center-Satellite Network: The company's growth strategy involves developing a center-satellite stores network and acquiring the remaining 90% equity interest in the Alhambra Store, which is intended to be its first satellite store. The successful execution, integration, and market acceptance of this expansion model, as well as achieving projected operational efficiencies and profitability from the new network, present inherent operational and financial risks.

The addressable markets for Maison Solutions (MSS) main products and services are primarily within the U.S. and include:

• U.S. Asian Food Market: This market was valued at approximately US$ 36.45 billion in 2025 and is projected to grow to US$ 65.60 billion by 2033.
• U.S. Ethnic Foods Market: This broader market, which encompasses Asian foods, reached an estimated US$ 31.3 billion in 2025 and is expected to grow to US$ 58.7 billion by 2034.
• U.S. Online Grocery Market: Given Maison Solutions' integrated online and offline operations, the online grocery market in the U.S. represents a significant addressable market, valued at US$ 166.3 billion in 2025.

Maison Solutions (MSS) is expected to drive future revenue growth over the next 2-3 years through several key strategies:

• Expansion of the Center-Satellite Stores Network: The company is actively developing a center-satellite stores network, with plans to acquire the remaining equity in the Alhambra Store to serve as its first satellite location. This strategic expansion aims to penetrate local communities and neighborhoods, increasing their physical footprint and accessibility to customers.
• Enhanced Online Shopping Experience and E-commerce Growth: Maison Solutions is investing in its digital presence, collaborating with JD E-commerce America Limited to build and update its online applications. This initiative, alongside existing partnerships with third-party mobile apps like "Freshdeals24" and a WeChat applet, seeks to expand its online customer base and offer convenient shopping channels, including home delivery and in-store pickups.
• Targeting New Customer Demographics: The company's satellite stores are specifically designed to attract and cater to younger generations within local communities. Furthermore, Maison Solutions plans to opportunistically address other diverse demographics and populations beyond its traditional Asian-American family-oriented customer base, broadening its market reach.
• Focus on Unique and Specialty Asian Groceries: Maison Solutions differentiates itself by offering a wide variety of fresh and unique Asian produce, meats, seafood, and other staples not commonly found in mainstream supermarkets. Leveraging an in-house logistics team and strong relationships with local and regional farms, the company provides high-quality specialty perishables at competitive prices, appealing to customers seeking authentic Asian cuisine ingredients.

Inbound Investments

• The principal stockholder has committed to provide financial support to the Company whenever necessary and intends to continue this support after the offering.
• In April 2021, Maison Solutions entered into a series of agreements, including a Collaboration Agreement and Intellectual Property License Agreement, with JD E-commerce America Limited (“JD US”), a U.S. subsidiary of JD.com.

Outbound Investments

• Since July 2019, Maison Solutions has acquired equity interests in four traditional Asian supermarkets in Los Angeles, California, which operate as center stores.
• In December 2021, the Company acquired a 10% equity interest in a new grocery store in Alhambra, California, referred to as the “Alhambra Store”, and intends to acquire the remaining 90% equity interest using a portion of the net proceeds from its offering.