Mr. Tony Tjan reports

MINILUXE ANNOUNCES CLOSING OF OVERSUBSCRIBED NON-BROKERED PRIVATE PLACEMENT OF OVER US$5 MILLION (~CDN$7 MILLION)

Further to Miniluxe Holding Corp.'s press release dated May 13, 2026, the company has closed its non-brokered placement of subordinate voting shares, resulting in gross proceeds of over $5-million (U.S.), surpassing the company's anticipated target of $4.5-million (U.S.) and upsizing its original $5-million (U.S.) cap.

Miniluxe is a lifestyle brand platform focused on transforming the nail care industry through elevated and ethical self-care services and products. The company's purpose is to empower and bring joy through mini-moments of self-care and self-expression.

With the successful closing of this private placement, a total of 8,879,308 Class A subordinate voting shares were issued at a price of 58 U.S. cents per share, representing a premium of over 100 per cent to the current market price and reflective of management's confidence in the underlying value of the company, for aggregate gross proceeds of $5.15-million (U.S.) or over $7.0-million (Canadian). The offering was completed with very modest dilution to existing shareholders, with the aggregate number of shares issued representing approximately 5-per-cent dilution on a postclosing basis.

Proceeds from the offering will be used by the company to finance new growth initiatives and for general corporate purposes. Most recently, the company released its Q1 2026 results that represented a 13th consecutive quarter of advancing the unit economics of the business.

"Our most important asset is our people -- from our nail designers and waxing specialists in the field who empower us, to our clients who endorse us, and to our capital and operating partners who help scale us. We are pleased to have exceeded our capital raising target and with pricing that we believe is more reflective of our intrinsic value. But what excites us most are the people behind the capital -- both long-term investors and operating partners who want to expand their ownership in Miniluxe Holdings while they take on their plans to roll out more Miniluxe studios," said Tony Tjan, chief executive officer of Miniluxe.

The offering is subject to the final approval of the TSX Venture Exchange and the shares are subject to a hold period of four months and one day from the issuance date in accordance with applicable securities laws.

The subordinate voting shares will be offered and sold by private placement in Canada to accredited investors within the meaning of National Instrument 45-106 -- Prospectus Exemptions and other exempt purchasers in each province of Canada, and may be sold outside of Canada on a basis which does not require the qualification or registration of any of the subordinate voting shares in the subscriber's jurisdiction. In the United States, the subordinate voting shares will be offered on a private placement basis pursuant to exemptions from the registration requirements of the United States Securities Act of 1933, as amended, and certain other jurisdictions in accordance with applicable securities laws.

About Miniluxe Holding Corp.

Miniluxe, a Delaware corporation based in Boston, Mass., is a lifestyle brand and talent empowerment platform servicing the beauty and self-care industry. The company focuses on delivering high-quality nail care and esthetic services and offers a suite of trusted proprietary products that are used in the company's owned-and-operated studio services. For over 15 years, Miniluxe has been elevating industry standards through healthier, ultrahygienic services, a modern design esthetic, socially responsible labour practices and non-toxic products. Miniluxe aims to radically transform the highly fragmented and under-regulated self-care and nail care industry through its brand, standards and technology platform that collectively enable better talent and client experiences. Miniluxe seeks to become the employer of choice of nail care professionals. In addition to creating long-term durable economic returns for the company's stakeholders, the brand seeks to positively impact and empower one of the largest hourly worker segments through professional development and certification, economic mobility, and company ownership opportunities (for example, equity participation and future franchise opportunities). Since its inception, Miniluxe has performed over five million services.

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