Welcome to our dedicated page for Maase SEC filings (Ticker: MAAS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Maase Inc. (NASDAQ: MAAS) SEC filings page on Stock Titan provides access to the company’s regulatory disclosures as a foreign private issuer. Maase Inc. files reports on Form 20-F and Form 6-K under the Securities Exchange Act of 1934, reflecting its status as a China-based financial technology and services group with expanding interests in new energy technologies, intelligent unmanned systems, and healthcare and wellness.
Through these filings, investors can follow key corporate events and structural changes. Recent Form 6-K reports describe share transfer agreements involving Puyi Group Limited and Puyi Holdings (Hong Kong) Limited and state that, upon completion of the transaction, Maase Inc. will cease all fund product distribution operations. Other 6-K filings detail the transaction agreements and subsequent completion of acquisitions such as Carve Group Ltd and Real Prospect Limited, which give Maase Inc. ownership interests in businesses focused on wild-grown ginseng resources, bird’s nest biotechnology, new energy technologies, and intelligent unmanned car wash systems.
Filings also document capital markets activity, including a private placement of Class A ordinary shares and warrants, with explanations of the dual-class share structure and the intended use of proceeds for business plans, working capital, and other corporate purposes. Additional 6-K reports cover changes to the company’s Chinese name, approved by the board of directors, and provide context for how Maase Inc. aligns its branding with its evolving business focus.
On Stock Titan, these SEC filings are updated in step with EDGAR and paired with AI-powered summaries that highlight the main terms of each transaction, shifts in business lines, and governance changes. Users can quickly locate Maase Inc.’s current reports, understand the implications of share transfers, acquisitions, and private placements, and review how the company describes its strategic direction in its own regulatory language.
Maase Inc. completed a reverse share split and two related transactions that materially changed its capitalization and control dynamics. The company implemented a 1-for-90 reverse split and then issued 10,000,000 Class A shares in a private placement at $2.08 per share with accompanying warrants. Separately, Maase acquired 100% of Carve Group Ltd. by issuing 195,894,609 Class A consideration shares at $1.50 per share, with certain issued shares subject to a five-year lock-up.
As a result of these actions, Equality Group Ltd., wholly owned by Hongyu Wang, now beneficially owns 1,112 Class A shares and 1,111,112 Class B shares, representing 0.50% of total ordinary shares but controlling 12.60% of aggregate voting power due to the Class B 100-vote structure. The Reporting Persons state their ownership is for investment purposes and reserve the right to review or adjust their position.
Sea Synergy Limited, Summer Day Limited and Yinan Hu reported beneficial ownership of 4,444,445 Class A ordinary shares of Maase Inc., representing 2.00% of issued ordinary shares and 0.50% of aggregate voting power. The filing explains a 1-for-90 reverse share split and two issuer transactions: a July 3, 2025 private placement of 10,000,000 Class A shares at $2.08 per share (with warrants) and a July 28, 2025 acquisition for which the issuer issued 195,894,609 Class A shares as consideration. Following those actions and the Reverse Split, Sea Synergy holds the 4,444,445 Class A shares reported.
The Reporting Persons state the shares were acquired for investment purposes, reserve the right to review or change their intentions, and assert sole voting and dispositive power over the reported shares. The filing discloses no criminal or relevant civil proceedings involving the Reporting Persons in the last five years and lists related exhibits including the Share Purchase Agreement and Transaction Agreement.
Moonlit Group Ltd and Katherine Wang report acquiring 5,557,779 ordinary shares of Maase Inc., representing 2.51% of outstanding shares but 63.00% of voting power. The position reflects 2,223 Class A shares and 5,555,556 Class B shares; each Class B carries 100 votes while Class A carries one vote.
The filing describes a June 23, 2025 1-for-90 reverse split, a July 3, 2025 private placement of 10,000,000 Class A shares at $2.08 per share (with warrants), and an August 27, 2025 issuance of 195,894,609 Class A shares as consideration in an acquisition. Moonlit Group is wholly owned by Katherine Wang and states the holdings are for investment purposes.
WJ Management Company Limited and its sole owner Dejun Yu filed a Schedule 13D reporting beneficial ownership of 93,049,939 Class A ordinary shares of Maase Inc., representing 41.95% of the outstanding ordinary shares as of August 27, 2025. The shares were received as consideration in a transaction under which Maase issued 195,894,609 Class A shares to acquire Carve Group Ltd, with a stated per-share price of US$1.50 for the consideration shares.
Although the Reporting Persons hold 41.95% of economic interest, they control only 10.55% of aggregate voting power because the company has 6,666,668 Class B shares carrying 100 votes each. WJ Management has sole voting and dispositive power over the reported Class A shares, and certain Consideration Shares held by WJ Management and Golden Brighter Limited are subject to a five-year lock-up.
Golden Brighter Limited and its sole owner Baron Ren filed a Schedule 13D reporting that Golden Brighter received 93,049,939 Class A ordinary shares of Maase Inc. following an issuance completed on August 27, 2025 as consideration for the acquisition of Carve Group Ltd. Those shares represent 41.95% of Maase's outstanding ordinary shares but only 10.55% of aggregate voting power because Maase has a dual-class structure with Class B shares carrying 100 votes each. The shares held by Golden Brighter (and thus beneficially by Mr. Ren) are subject to a five-year lock-up for Golden Brighter and WJ Management Company Limited. The reporting persons state the stake was acquired for investment purposes and reserve the right to review or change their intentions, including possible communications with management or shareholders. The Transaction Agreement is filed as an exhibit to Maase's Form 6-K.
Maase Inc. (NASDAQ: MAAS) disclosed a Transaction Agreement (Exhibit 10.1) dated 28 July 2025 to acquire 100% of Carve Group Ltd. The purchase price is 195,894,609 Class A shares of MAAS valued at US$1.50 each, implying consideration of roughly US$293.8 million. Closing is targeted for Q3 2025 and is subject to customary conditions.
Prior to closing, the sellers will complete a reorganization that will place two operating businesses under the target: Zhongshen Resources, which controls 111 mu of ginseng-rich forest land containing 19,000+ 40-year-old wild roots, and Glyken Bird Nest Technology, a biotech producer capable of ~10 tons of bird-nest peptides per year with multiple consumer product lines. Shares issued to Golden Brighter Ltd. and WJ Management Ltd. carry a 5-year lock-up.
The board of MAAS has approved the deal. Upon completion MAAS will own the target outright, expanding into traditional Chinese medicine ingredients and bird-nest biotechnology. The all-stock structure preserves cash but will expand the share count materially.
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