diff --git a/crates/rspack_plugin_mf/src/sharing/consume_shared_module.rs b/crates/rspack_plugin_mf/src/sharing/consume_shared_module.rs
index f60aca0aa0b1..815d8c6da47b 100644
--- a/crates/rspack_plugin_mf/src/sharing/consume_shared_module.rs
+++ b/crates/rspack_plugin_mf/src/sharing/consume_shared_module.rs
@@ -93,6 +93,11 @@ impl ConsumeSharedModule {
       source_map_kind: SourceMapKind::empty(),
     }
   }
+
+  /// Get the consume options
+  pub fn get_options(&self) -> &ConsumeOptions {
+    &self.options
+  }
 }
 
 impl Identifiable for ConsumeSharedModule {
diff --git a/crates/rspack_plugin_mf/src/sharing/consume_shared_plugin.rs b/crates/rspack_plugin_mf/src/sharing/consume_shared_plugin.rs
index f95c99e4370a..9acad36927ad 100644
--- a/crates/rspack_plugin_mf/src/sharing/consume_shared_plugin.rs
+++ b/crates/rspack_plugin_mf/src/sharing/consume_shared_plugin.rs
@@ -9,10 +9,10 @@ use regex::Regex;
 use rspack_cacheable::cacheable;
 use rspack_core::{
   BoxModule, ChunkUkey, Compilation, CompilationAdditionalTreeRuntimeRequirements,
-  CompilationParams, CompilerThisCompilation, Context, DependencyCategory, DependencyType,
-  ModuleExt, ModuleFactoryCreateData, NormalModuleCreateData, NormalModuleFactoryCreateModule,
-  NormalModuleFactoryFactorize, Plugin, ResolveOptionsWithDependencyType, ResolveResult, Resolver,
-  RuntimeGlobals,
+  CompilationFinishModules, CompilationParams, CompilerThisCompilation, Context, DependenciesBlock,
+  DependencyCategory, DependencyType, ModuleExt, ModuleFactoryCreateData, NormalModuleCreateData,
+  NormalModuleFactoryCreateModule, NormalModuleFactoryFactorize, Plugin,
+  ResolveOptionsWithDependencyType, ResolveResult, Resolver, RuntimeGlobals,
 };
 use rspack_error::{Diagnostic, Result, error};
 use rspack_fs::ReadableFileSystem;
@@ -397,6 +397,111 @@ async fn this_compilation(
   Ok(())
 }
 
+#[plugin_hook(CompilationFinishModules for ConsumeSharedPlugin, stage = 10)]
+async fn finish_modules(&self, compilation: &mut Compilation) -> Result<()> {
+  // Add finishModules hook to copy buildMeta/buildInfo from fallback modules *after* webpack's export analysis.
+  // Running earlier caused parity regressions, so we intentionally execute later than plugins like FlagDependencyExportsPlugin,
+  // matching the behaviour in the module-federation/core repo. This still happens before seal (see webpack's Compilation.js).
+
+  let (consume_updates, missing_fallbacks) = {
+    let module_graph = compilation.get_module_graph();
+    let mut updates = Vec::new();
+    let mut missing = Vec::new();
+
+    for (module_id, module) in module_graph.modules() {
+      let Some(consume_shared) = module.as_any().downcast_ref::<ConsumeSharedModule>() else {
+        continue;
+      };
+
+      let options = consume_shared.get_options();
+
+      let Some(import_request) = options.import.as_ref() else {
+        continue;
+      };
+
+      let fallback_id = if options.eager {
+        module.get_dependencies().iter().find_map(|dep_id| {
+          module_graph
+            .dependency_by_id(dep_id)
+            .filter(|dep| matches!(dep.dependency_type(), DependencyType::ConsumeSharedFallback))
+            .and_then(|_| {
+              module_graph
+                .module_identifier_by_dependency_id(dep_id)
+                .copied()
+            })
+        })
+      } else {
+        module.get_blocks().iter().find_map(|block_id| {
+          module_graph.block_by_id(block_id).and_then(|block| {
+            block.get_dependencies().iter().find_map(|dep_id| {
+              module_graph
+                .dependency_by_id(dep_id)
+                .filter(|dep| {
+                  matches!(dep.dependency_type(), DependencyType::ConsumeSharedFallback)
+                })
+                .and_then(|_| {
+                  module_graph
+                    .module_identifier_by_dependency_id(dep_id)
+                    .copied()
+                })
+            })
+          })
+        })
+      };
+
+      if let Some(fallback_id) = fallback_id {
+        if let Some(fallback_module) = module_graph.module_by_identifier(&fallback_id) {
+          updates.push((
+            module_id,
+            fallback_module.build_meta().clone(),
+            fallback_module.build_info().clone(),
+          ));
+        } else {
+          missing.push((module_id, import_request.clone()));
+        }
+      } else {
+        missing.push((module_id, import_request.clone()));
+      }
+    }
+
+    (updates, missing)
+  };
+
+  if !consume_updates.is_empty() {
+    let mut module_graph_mut = compilation.get_module_graph_mut();
+    for (module_id, fallback_meta, fallback_info) in consume_updates {
+      if let Some(consume_module) = module_graph_mut.module_by_identifier_mut(&module_id) {
+        // Copy buildMeta and buildInfo following webpack's DelegatedModule pattern: this.buildMeta = { ...delegateData.buildMeta };
+        // This ensures ConsumeSharedModule inherits ESM/CJS detection (exportsType) and other optimization metadata
+        *consume_module.build_meta_mut() = fallback_meta;
+        *consume_module.build_info_mut() = fallback_info;
+      }
+      // Mark all exports as provided to avoid later export analysis from pruning fallback-provided exports.
+      let exports_info = module_graph_mut.get_exports_info(&module_id);
+      exports_info.set_unknown_exports_provided(
+        &mut module_graph_mut,
+        false,
+        None,
+        None,
+        None,
+        None,
+      );
+    }
+  }
+
+  for (module_id, request) in missing_fallbacks {
+    compilation.push_diagnostic(Diagnostic::warn(
+      "ConsumeSharedFallbackMissing".into(),
+      format!(
+        "Fallback module for '{}' not found; skipping build meta copy for module '{}'",
+        request, module_id
+      ),
+    ));
+  }
+
+  Ok(())
+}
+
 #[plugin_hook(NormalModuleFactoryFactorize for ConsumeSharedPlugin)]
 async fn factorize(&self, data: &mut ModuleFactoryCreateData) -> Result<Option<BoxModule>> {
   let dep = data.dependencies[0]
@@ -512,6 +617,10 @@ impl Plugin for ConsumeSharedPlugin {
       .compilation_hooks
       .additional_tree_runtime_requirements
       .tap(additional_tree_runtime_requirements::new(self));
+    ctx
+      .compilation_hooks
+      .finish_modules
+      .tap(finish_modules::new(self));
     Ok(())
   }
 }
diff --git a/tests/rspack-test/configCases/container-1-5/consume-nested/index.js b/tests/rspack-test/configCases/container-1-5/consume-nested/index.js
new file mode 100644
index 000000000000..6aed20cca35f
--- /dev/null
+++ b/tests/rspack-test/configCases/container-1-5/consume-nested/index.js
@@ -0,0 +1,4 @@
+it('should be able to consume nested modules', async () => {
+  const { default: main } = await import('package-1');
+  expect(main('test')).toEqual('test package-1 package-2');
+});
\ No newline at end of file
diff --git a/tests/rspack-test/configCases/container-1-5/consume-nested/node_modules/package-1/esm/index.js b/tests/rspack-test/configCases/container-1-5/consume-nested/node_modules/package-1/esm/index.js
new file mode 100644
index 000000000000..37e2f5da7a0e
--- /dev/null
+++ b/tests/rspack-test/configCases/container-1-5/consume-nested/node_modules/package-1/esm/index.js
@@ -0,0 +1,6 @@
+import package2 from 'package-2';
+
+export default function package1(msg) {
+  const result = package2(msg + ' package-1');
+  return result;
+}
\ No newline at end of file
diff --git a/tests/rspack-test/configCases/container-1-5/consume-nested/node_modules/package-1/esm/package.json b/tests/rspack-test/configCases/container-1-5/consume-nested/node_modules/package-1/esm/package.json
new file mode 100644
index 000000000000..2bd6e5099f38
--- /dev/null
+++ b/tests/rspack-test/configCases/container-1-5/consume-nested/node_modules/package-1/esm/package.json
@@ -0,0 +1 @@
+{"type":"module","sideEffects":false}
\ No newline at end of file
diff --git a/tests/rspack-test/configCases/container-1-5/consume-nested/node_modules/package-1/package.json b/tests/rspack-test/configCases/container-1-5/consume-nested/node_modules/package-1/package.json
new file mode 100644
index 000000000000..6e0e73471063
--- /dev/null
+++ b/tests/rspack-test/configCases/container-1-5/consume-nested/node_modules/package-1/package.json
@@ -0,0 +1,5 @@
+{
+  "name": "package-1",
+  "version": "1.0.0",
+  "module": "./esm/index.js"
+}
\ No newline at end of file
diff --git a/tests/rspack-test/configCases/container-1-5/consume-nested/node_modules/package-2/index.js b/tests/rspack-test/configCases/container-1-5/consume-nested/node_modules/package-2/index.js
new file mode 100644
index 000000000000..e4af2c6244d4
--- /dev/null
+++ b/tests/rspack-test/configCases/container-1-5/consume-nested/node_modules/package-2/index.js
@@ -0,0 +1,6 @@
+function package2(msg) {
+  const result = msg + ' package-2';
+  return result;
+}
+
+export { package2 as default };
\ No newline at end of file
diff --git a/tests/rspack-test/configCases/container-1-5/consume-nested/node_modules/package-2/package.json b/tests/rspack-test/configCases/container-1-5/consume-nested/node_modules/package-2/package.json
new file mode 100644
index 000000000000..ba72a1eec75f
--- /dev/null
+++ b/tests/rspack-test/configCases/container-1-5/consume-nested/node_modules/package-2/package.json
@@ -0,0 +1,5 @@
+{
+  "name": "package-2",
+  "version": "1.0.0",
+  "module": "./index.js"
+}
\ No newline at end of file
diff --git a/tests/rspack-test/configCases/container-1-5/consume-nested/package.json b/tests/rspack-test/configCases/container-1-5/consume-nested/package.json
new file mode 100644
index 000000000000..917ccb10e3d1
--- /dev/null
+++ b/tests/rspack-test/configCases/container-1-5/consume-nested/package.json
@@ -0,0 +1,7 @@
+{
+  "version": "1.0.0",
+  "dependencies": {
+    "package-2": "1.0.0",
+    "package-1": "1.0.0"
+  }
+}
\ No newline at end of file
diff --git a/tests/rspack-test/configCases/container-1-5/consume-nested/rspack.config.js b/tests/rspack-test/configCases/container-1-5/consume-nested/rspack.config.js
new file mode 100644
index 000000000000..b9e1c6c7a8db
--- /dev/null
+++ b/tests/rspack-test/configCases/container-1-5/consume-nested/rspack.config.js
@@ -0,0 +1,16 @@
+const { ModuleFederationPlugin } = require("@rspack/core").container;
+
+module.exports = {
+  mode: 'development',
+  devtool: false,
+  plugins: [
+    new ModuleFederationPlugin({
+      name: 'consume-nested',
+      filename: 'remoteEntry.js',
+      shared: {
+        'package-2': { version: '1.0.0' },
+        'package-1': { version: '1.0.0' },
+      },
+    }),
+  ],
+};
\ No newline at end of file