Maison Solutions to form Hong Kong AI subsidiary with partners

Maison Solutions Inc. (NASDAQ: MSS) has entered into an agreement to form a new Hong Kong-incorporated company focused on artificial-intelligence software for grocery retail and supply-chain applications, according to a press release statement.

On July 22, 2026, Maison Solutions and its wholly owned subsidiary AZLL LLC signed a Formation, Subscription and Software Contribution Agreement with Hangzhou Shengxianbao Technology Co., Ltd. and Yiwu Yanghan E-Commerce Firm. The new entity, to be named Maison AI Limited, will be incorporated as a private company limited by shares in Hong Kong.

Under the agreement, Maison AI Limited will issue 222 ordinary shares in total. AZLL will hold 200 shares, representing approximately 90.09%, in exchange for contributing software valued at $2,000,000. Each of the two cash subscribers will receive 11 shares, approximately 4.96% each, for $110,000 apiece, totaling $220,000 in aggregate cash consideration.

The software contributed by Maison Solutions consists of its Drem merchandise-display system and WSYQR supply-chain system. The company and its subsidiaries will retain a perpetual, non-exclusive, royalty-free license to use the software for internal business purposes.

The $220,000 in cash subscriptions is payable in six monthly installments beginning on or about September 1, 2026. Closing is subject to customary conditions, including incorporation of the new company and receipt of required approvals. The Formation Agreement may be terminated if closing has not occurred by March 31, 2027.

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