Maase completes $62.4M Oriental Grove acquisition

Maase Inc. reported that it has completed the acquisition of Oriental Grove Ltd, a British Virgin Islands company focused on premium tea products with about 2,000 metric tons of high-grade tea inventory.

Rhea-AI Filing Summary

Maase Inc. reported that it has completed the acquisition of Oriental Grove Ltd, a British Virgin Islands company focused on premium tea products with about 2,000 metric tons of high-grade tea inventory. Oriental Grove is now a wholly-owned subsidiary.

Maase purchased all issued and outstanding equity of Oriental Grove for approximately US$62.4 million, paid as 34,911,410 Class A ordinary shares at US$1.5 per share plus a US$10,000,000 cash payment due within 365 days after closing. Subject to customary exceptions, each seller faces a 60‑month lock-up on the shares received.

After issuing these shares and closing the transaction, Maase has 354,775,434 ordinary shares outstanding, including 348,108,766 Class A shares and 6,666,668 Class B shares. The sellers collectively hold about 9.8% of Maase’s total shares, representing roughly 3.4% of total voting power.

Insights

Cross-border M&A and capital structure analyst

Maase completes a share-and-cash acquisition that modestly reshapes ownership and adds a new premium tea business.

Maase Inc. has closed the purchase of Oriental Grove Ltd for approximately US$62.4 million, paying with 34,911,410 Class A shares at US$1.5 each plus a US$10,000,000 cash component due within 365 days after closing. Oriental Grove operates in premium tea products and holds around 2,000 metric tons of high-grade tea inventory, so this transaction adds a defined product line and inventory base to Maase’s portfolio.

The deal increases Maase’s share count to 354,775,434 ordinary shares, of which 348,108,766 are Class A and 6,666,668 are Class B, according to the disclosure after completion. The sellers now collectively own about 9.8% of total shares but control only about 3.4% of voting power, reflecting the dual-class structure. A 60-month lock-up on the sellers’ shares reduces immediate secondary selling pressure and effectively stabilizes this new ownership block for a long period.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What transaction did Maase Inc. (MAAS) report in this 6-K?

Maase Inc. reported that it completed the acquisition of Oriental Grove Ltd, a British Virgin Islands company engaged in premium tea products with about 2,000 metric tons of high-grade tea inventory.

How much did Maase Inc. (MAAS) pay to acquire Oriental Grove Ltd?

Maase Inc. agreed to total consideration of approximately US$62.4 million, consisting of 34,911,410 Class A ordinary shares at US$1.5 per share and a US$10,000,000 cash payment due within 365 days after closing.

How did the Oriental Grove acquisition affect Maase Inc.’s share count?

After issuing shares for the acquisition and completing the transaction, Maase Inc. has 354,775,434 ordinary shares outstanding, including 348,108,766 Class A shares and 6,666,668 Class B shares.

What ownership and voting stake do the sellers hold in Maase Inc. (MAAS) after the deal?

Following the transaction, the sellers of Oriental Grove collectively hold about 9.8% of Maase Inc.’s total issued and outstanding shares, representing roughly 3.4% of the company’s total voting power.

Are the shares issued to the Oriental Grove sellers subject to any lock-up period?

Yes. Subject to certain customary exceptions, each seller is subject to a 60‑month lock-up period after closing on the Maase Inc. shares received as consideration.

What business does Oriental Grove Ltd contribute to Maase Inc. (MAAS)?

Oriental Grove Ltd is engaged mainly in premium tea products and maintains an inventory of approximately 2,000 metric tons of high-grade tea, which now becomes part of Maase Inc.’s operations through the acquisition.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 01/15/2026 - 04:30 PM Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF THE

SECURITIES EXCHANGE ACT OF 1934

For the month of January 2026

Commission File Number 001-38813

Maase Inc.

Building 48, Zhixin Manufacturing Valley Industrial Park

No. 52 Yangzhou Road, Economic Development Zone

Laixi, Qingdao, Shandong Province, People’s Republic of China

Tel: +86-532-66030885

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒       Form 40-F ☐

Completion of Acquisition of Oriental Grove Ltd

On January 14, 2026, Maase Inc.(“MAAS” or the “Company”) successfully completed its acquisition of Oriental Grove Ltd, a business company duly incorporated under the laws of the British Virgin Islands (the “Target Company”), which is engaged in the main business of premium tea products and maintains an inventory of approximately 2,000 metric tons of high-grade tea. Upon completion, the Target Company became a wholly-owned subsidiary of the Company.

As previously disclosed, on December 19, 2025, the Company entered into a transaction agreement (the “Transaction Agreement”) with the Target Company and shareholders of the Target Company (the “Sellers”). The Company purchased from the Sellers all of the issued and outstanding equity interests of the Target Company, for a total consideration of approximately US$62.4 million, consisting of (i) an aggregate 34,911,410 Class A ordinary shares of a par value of US$0.09 each of the Company, at a purchase price of US$1.5 per share and (ii) a cash payment of US$10,000,000, which will be paid within 365 days after the closing (the “Closing”) of the transaction contemplated under the Transaction Agreement. Subject to certain customary exceptions, each Seller is subject to a lock-up period of sixty (60) months following the Closing.

Following this issuance and the completion of the transaction, the Company has a total of 354,775,434 issued and outstanding ordinary shares, consisting of 348,108,766 Class A ordinary shares and 6,666,668 Class B ordinary shares. The Sellers, which are not related to each other and would not to be deemed as a group, collectively hold approximately 9.8% of the total issued and outstanding shares of the Company, representing approximately 3.4% of the total voting power.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Maase Inc.
Date: January 15, 2026	By:	/s/ Zhou Min
		Name:	Zhou Min
		Title:	Vice-Chairperson of the Board, Chief Executive Officer

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