Maison Solutions to form AI subsidiary with 90% ownership stake

Maison Solutions Inc. (NASDAQ: MSS), a specialty Asian grocery retailer based in Monterey Park, California, has signed a definitive agreement to establish Maison AI Limited, a technology platform focused on artificial intelligence applications for grocery retail and supply-chain operations.

Through its wholly owned subsidiary AZLL LLC, Maison Solutions expects to hold approximately 90.09% of Maison AI upon completion of the formation and capitalization. The transaction remains subject to customary closing conditions, and the company cautioned there is no assurance the deal will close on the contemplated terms or timeline.

Maison AI is intended to focus on inventory management, merchandising, procurement, vendor coordination, supply-chain automation, enterprise resource planning, data analytics, and related software services. As part of the transaction, Maison Solutions plans to contribute two existing software assets to the new entity: a merchandise-display planning and management system and a supply-chain and business-operation system.

"The signing of this definitive agreement represents an important step in Maison Solutions' transformation into a more technology-enabled company," said John Xu, Chairman, President and Chief Executive Officer.

The company said the long-term objective for Maison AI includes software licensing, services, and strategic partnerships, according to the press release statement.

Maison Solutions operates grocery retail locations in Southern California and Arizona under the HK Good Fortune and Lee Lee International brands.

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