Hong Kong, May 16, 2025 — MasterBeef Group, a Hong Kong-based restaurant chain specializing in Taiwanese hotpot and barbecue, announced today the issuance of 155,000 additional ordinary shares at US$4.00 each. This partial exercise of the underwriter’s over-allotment option related to their initial public offering (the “Offering”) generated approximately $620,000 in gross proceeds before deducting underwriter discounts and other expenses. The option closed on May 16, 2025. The ordinary shares are traded on the Nasdaq Capital Market under the symbol “MB” since April 10, 2025.

The company plans to use the net proceeds from the Offering and the over-allotment option to: (i) expand its restaurant network in Hong Kong and overseas, including Singapore and other Southeast Asian countries, through new outlets and franchising; (ii) invest in marketing and branding campaigns to broaden its customer base and strengthen its brands; (iii) produce and sell semi-finished food products like packaged hotpot soup base and marinated foods; (iv) invest in technology solutions for table service, inventory management, order processing, and upgrade IT systems in its restaurants; and (v) fund general corporate purposes to benefit the business and its strategic direction.

Dominari Securities LLC was the lead underwriter for the Offering, and Revere Securities LLC acted as co-underwriter. Schlueter & Associates, P.C. served as U.S. securities counsel to the Company, while Hunter Taubman Fischer & Li LLC served in the same capacity for the underwriters in connection with the Offering.

A registration statement on Form F-1 pertaining to the Offering was filed with the SEC (File Number: 333-283142) and declared effective on March 31, 2025. The Offering is being conducted solely through a prospectus, which is part of the registration statement. Prospectus copies can be obtained from Dominari Securities LLC at 725 Fifth Avenue, 23rd Floor, New York, NY 10022, via email at , or by phone at (212) 393-4500; or from Revere Securities LLC at 560 Lexington Avenue, 16th Floor, New York, NY 10022, via email at , or by phone at (212) 688-2350. The prospectus is also available on the SEC’s website at .

This press release is not an offer to sell or a solicitation of an offer to buy the Company’s securities. Securities will not be offered or sold in the United States without registration or an applicable exemption, nor will any offer, solicitation, or sale occur in any jurisdiction where it would be unlawful prior to registration or qualification under local securities laws.

About MasterBeef Group

MasterBeef Group is a Hong Kong-based full-service restaurant group specializing in Taiwanese hotpot and barbecue. Through its Hong Kong Operating Subsidiaries, the Company operates 12 restaurant outlets under the Master Beef and Anping Grill brands. More information can be found on the Company’s website: masterbeefgroup.com.

Forward-Looking Statements

This press release contains forward-looking statements involving risks and uncertainties. These statements are based on current expectations and projections about future events that may affect the Company’s financial condition, results of operations, business strategy, and financial needs. These statements can often be identified by words like “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or similar expressions. The Company does not undertake to update or revise any forward-looking statements to reflect subsequent events or changes in expectations, except as required by law. These statements are subject to risks, including market conditions, and other factors discussed in the “Risk Factors” section of the Registration Statement filed with the SEC. While the Company believes its expectations are reasonable, it cannot guarantee their accuracy and advises investors that actual results may differ materially. Investors are encouraged to review other factors affecting the Company’s future results in its registration statement and other SEC filings, available for review at .

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MasterBeef Group
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