Mr. Tony Tjan reports

MINILUXE ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF US$3.5 TO US$5 M (CAD $4.8M to CAD $6.0M)

Miniluxe Holding Corp. has arranged a non-brokered private placement of Class A subordinate voting shares. The subordinate voting shares will be offered at a price of 58 U.S. cents per subordinate voting share for gross proceeds of between $3.5-million (U.S.) and $5-million (U.S.) with a midpoint of the range as its target. The private placement has already signed commitments that exceed its threshold range of $3.5-million (U.S.). Consistent with its past private placements, the offering is priced at a premium to the market given the company's trading volumes and supply and demand dynamics.

A closing of the offering is anticipated by June 5 or such other date as the investors and the company may agree upon, and is subject to the completion of formal documentation and the company receiving all necessary regulatory approvals, including the final approval of the TSX Venture Exchange.

For over 15 years, Miniluxe has rooted itself on a purpose of empowering and bringing joy to its team members, clients and communities. In its most recent release of fiscal 2025 results, the company reported year-over-year system sales growth of 11 per cent and its 12th consecutive quarter of continued studio-level unit economic growth (see the company's April 27, 2026, news release for details). Key elements of driving its unit economics included elevating leadership within its studios, sharpening key performance indicators that correlate to top-line and bottom-line growth, and leveraging technology, data and artificial intelligence to help drive better decisions faster. The company also announced three years of industry-leading talent retention with approximately 85 per cent of hourly team members retained year over year (inclusive of voluntary and involuntary turnover).

Although the company meaningfully exceeded its plan for its end-of-year cash balance, finishing 2025 with approximately $4.5-million cash on hand, management has decided to go forward with this private placement based, first and foremost, on the quality of investors behind it and, secondly, the ability of these investors to not just provide capital into Miniluxe Holdings but to serve as executional partners building and operating new Miniluxe locations.

Over all, the use of proceeds from the financing will be used to fund growth initiatives especially the opening of new studios and providing the flexibility to take on new strategic acquisitions or JV (joint venture) locations.

"We are humbled and grateful to have found partners who represent strategic capital that comes alongside proven track records of executing and scaling growth businesses. Across its recent private placements, the company has been selective in finding partners with the disposition and capacity to be long-term oriented and with the capability to take an independent view of the intrinsic value of the business," said Tony Tjan, chief executive officer of Miniluxe.

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 U.S. Securities Act of 1933, as amended, and certain other jurisdictions in accordance with applicable securities laws.

The securities issued under the offering will be subject to a hold period of four months and one day from the issuance date in accordance with applicable securities laws.

About Miniluxe Holding Corp.

Miniluxe 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 ultrahygienic services, a modern design esthetic, socially responsible labour practices and better-for-you, cleaner products. Miniluxe aims to radically transform the highly fragmented and underregulated self-care and nail care industry through its brand, standards and technology platform that collectively enable better talent and client experiences. In addition to creating long-term durable economic returns for its stakeholders, Miniluxe seeks to become the employer of choice of nail care professionals. The brand positively impacts and empowers 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 inception, Miniluxe has performed over five million services. Miniluxe is a Delaware corporation based in Boston, Mass.

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