Lakeside Holding Ltd

On May 15, 2026, the Company and an unaffiliated third-party purchaser (the “Purchaser”) entered into a share purchase agreement (the “Share Purchase Agreement”), pursuant to which the Company agreed to sell, and the Purchaser agreed to purchase, 100% of the issued and outstanding shares of American Bear Logistics Corp. The transaction was previously described in the Company’s Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on January 30, 2026 (File No. 001-42140) and approved by the Company’s shareholders at the 2026 Annual Meeting of Stockholders held on February 12, 2026, the results of which were reported in the Company’s Current Report on Form 8-K filed on February 18, 2026 (File No. 001-42140). The transactions contemplated by the Share Purchase Agreement were consummated on May 16, 2026. The Share Purchase Agreement is filed as Exhibit 10.19 to this Quarterly Report on Form 10-Q.