MSS · Maison Solutions Inc. · Insider Trading

Represents 1,500 shares of Class A Common Stock of Maison Solutions Inc. granted to the Reporting Person under the Company's 2023 Stock Incentive Plan pursuant to an Action by Unanimous Written Consent of the Compensation Committee of the Board of Directors dated July 24, 2026, which rescinded and superseded the Committee's prior written consent dated September 24, 2025 and approved this award in replacement thereof. The shares vest in full and are non-forfeitable immediately upon grant.

This transaction is exempt from Section 16(b) of the Securities Exchange Act of 1934 pursuant to Rule 16b-3(d), 17 CFR 240.16b-3(d), because the grant was approved in advance by the Compensation Committee of the Board of Directors, which is composed solely of Non-Employee Directors as defined in Rule 16b-3(b)(3).

Prior to the reported transaction, the Reporting Person beneficially owned no shares of Class A Common Stock of the Issuer.

Pursuant to Section 2.6 of the Restricted Stock Award Agreement between the Reporting Person and the Company, net share withholding under Section 13(c)(ii) of the Plan applies by default to satisfy the Reporting Person's tax withholding obligation arising from the immediate vesting of the Award, unless the Compensation Committee elects to apply a different method available under Section 13(c) of the Plan with respect to the Reporting Person. Any shares withheld would be valued at Fair Market Value, as defined in the Plan, determined as of the Grant Date. As of the filing date of this Form 4, the number of shares, if any, to be withheld had not yet been determined. Any shares so withheld will be reported on a subsequent Form 4 following determination of the number of shares withheld.

Represents 25,000 shares of Class A Common Stock of Maison Solutions Inc. granted to the Reporting Person under the Company's 2023 Stock Incentive Plan pursuant to a Written Consent of the Compensation Committee of the Board of Directors dated July 24, 2026, which rescinded and superseded the Committee's prior written consent dated September 24, 2025 and approved this award in replacement thereof. The shares vest in full and are non-forfeitable immediately upon grant.

This transaction is exempt from Section 16(b) of the Securities Exchange Act of 1934 pursuant to Rule 16b-3(d), 17 CFR 240.16b-3(d), because the grant was approved in advance by the Compensation Committee of the Board of Directors, which is composed solely of Non-Employee Directors as defined in Rule 16b-3(b)(3).

Prior to the reported transaction, the Reporting Person beneficially owned no shares of Class A Common Stock of the Issuer.

Pursuant to Section 2.6 of the Restricted Stock Award Agreement between the Reporting Person and the Company, net share withholding under Section 13(c)(ii) of the Plan applies by default to satisfy the Reporting Person's tax withholding obligation arising from the immediate vesting of the Award, unless the Compensation Committee elects to apply a different method available under Section 13(c) of the Plan with respect to the Reporting Person. Any shares withheld would be valued at Fair Market Value, as defined in the Plan, determined as of the Grant Date. As of the filing date of this Form 4, the number of shares, if any, to be withheld had not yet been determined. Any shares so withheld will be reported on a subsequent Form 4 following determination of the number of shares withheld.

Currently, Golden Tree USA, Inc. ("Golden") owns 100% of Stratton Arms Holding, LLC ("Stratton"), which serves as general partner and holds an 80.95% limited partnership interest in Amsterdam NYC Fund, LP ("Amsterdam"). Stratton holds 10,400,000 shares of Class A Common Stock directly; Amsterdam holds 1,680,000 shares of Class A Common Stock directly. Golden Tree is deemed to beneficially own 11,760,000 shares of Class A Common Stock (10,400,000 shares held by Stratton plus 1,360,000 shares attributable to Stratton's 80.95% interest in Amsterdam). Golden also directly holds 2,240,000 shares of Class B Common Stock, which may be convertible into Class A Common Stock. Mr. Xu owns 100% of Golden and is therefore deemed the indirect beneficial owner of: (i) 11,760,000 shares of Class A Common Stock through the Stratton/Amsterdam structure, (ii) 2,240,000 shares of Class B Common Stock held by Golden, and (iii) 67,400 shares of Class A Common Stock held directly by Mr. Xu personally.

Currently, Golden Tree USA, Inc. ("Golden") owns 100% of Stratton Arms Holding, LLC ("Stratton"), which serves as general partner and holds an 80.95% limited partnership interest in Amsterdam NYC Fund, LP ("Amsterdam"). Stratton holds 10,400,000 shares of Class A Common Stock directly; Amsterdam holds 1,680,000 shares of Class A Common Stock directly. Golden Tree is deemed to beneficially own 11,760,000 shares of Class A Common Stock (10,400,000 shares held by Stratton plus 1,360,000 shares attributable to Stratton's 80.95% interest in Amsterdam). Golden also directly holds 2,240,000 shares of Class B Common Stock, which may be convertible into Class A Common Stock. Mr. Xu owns 100% of Golden and is therefore deemed the indirect beneficial owner of: (i) 11,760,000 shares of Class A Common Stock through the Stratton/Amsterdam structure, (ii) 2,240,000 shares of Class B Common Stock held by Golden, and (iii) 67,400 shares of Class A Common Stock held directly by Mr. Xu personally.

As of the date of this Report, John Xu owns 100% of Stratton Arms Holding, LLC, which holds a 42.5% partnership interest in Amsterdam NYC Fund, LP. Stratton Arms Holding, LLC owns 10,400,000 shares of Class A common stock, and Amsterdam NYC Fund, LP owns 3,200,000 shares of Class A common stock.

As of the date of this Report, John Xu owns 100% of Stratton Arms Holding, LLC, which holds a 42.5% partnership interest in Amsterdam NYC Fund, LP. Stratton Arms Holding, LLC owns 10,400,000 shares of Class A common stock, and Amsterdam NYC Fund, LP owns 3,200,000 shares of Class A common stock.