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. director CHUI KWAN PUI filed an initial ownership report on Form 3. The filing lists Class A Ordinary Shares and Class B Ordinary Shares with total shares following the report shown as 0 for each class as of January 24, 2025.
Maase Inc. filed a Form 6-K to present detailed financial information on its acquisition of Real Prospect Limited, completed on October 28, 2025. Maase agreed to issue 98,002,174 Class A ordinary shares at a purchase price of US$1.5 per share as consideration.
Real Prospect’s audited combined results for the year ended June 30, 2025 show net revenues of RMB189 and a net loss of RMB1,354, with net cash used in operating activities of RMB977. The auditor highlighted a material uncertainty related to going concern, citing losses and limited cash. As of June 30, 2025, Real Prospect held total assets of RMB160,773, including an equity method investment of RMB112,649, and an accumulated deficit of RMB1,374.
Unaudited pro forma condensed combined financials show Maase and Real Prospect together, including recognition of RMB922,571 of goodwill and a pro forma net loss attributable to Maase ordinary shareholders of RMB199,458 for the year ended June 30, 2025. The filing is also incorporated by reference into Maase’s existing Form S-8 registration statement.
Maase Inc. has provided detailed financial information for its acquisition of Carve Group Ltd, which it completed on August 27, 2025. Maase is issuing 195,894,609 Class A ordinary shares at US$1.5 per share as consideration. The report includes Carve’s audited 2024–2025 financial statements and combined pro forma figures showing how Maase and Carve would look as a single group as of June 30, 2025.
Carve generated RMB3,483 thousand in revenue and a net loss of RMB1,775 thousand for the year ended June 30, 2025, and its auditor highlighted a material uncertainty about its ability to continue as a going concern because of a RMB41,438 thousand working-capital deficit and accumulated deficit of RMB33,202 thousand. Much of Carve’s balance sheet is tied to long-lived ginseng inventory and related payables. The pro forma data illustrate the enlarged asset base and loss position after including Carve, without predicting future performance.
Maase Inc. reports it is in advanced negotiations to acquire Shandong Sandi Water Purification Technology Co., Ltd., a leading provider of drinking water pipe system solutions in China. The target’s valuation is expected to be approximately RMB700 million.
Maase plans to pay the purchase consideration in newly issued Class A ordinary shares with a par value of US$0.09 each, at a purchase price of US$1.8 per share. The companies are finalizing definitive agreements, and, subject to customary closing conditions, Maase expects to complete the acquisition within twelve months. Extensive forward-looking statement language highlights that the transaction may not close and that business results could differ materially from current expectations.
Maase Inc. entered into a transaction agreement to acquire 100% of Times Good Limited, which controls the core assets and operations of the Huazhi Group. The deal values Huazhi Group at about RMB1.1 billion, equivalent to US$157,100,216 using a specified exchange rate.
The purchase price will be paid through 87,400,144 Class A ordinary shares and a US$26,000,000 cash payment to the sellers, with the cash due within 365 days after closing. The sellers will face a 60‑month lock-up on the consideration shares after closing. Closing is targeted by the end of February 2026, subject to customary conditions, including regulatory filings and approvals described in the agreement.
Maase Inc. shareholder WJ Management Company Limited and its owner Dejun Yu report beneficial ownership of 83,049,939 Class A ordinary shares, representing 23.41% of Maase’s ordinary shares and 8.18% of the company’s voting power. These Class A shares are held directly by WJ Management, which is wholly owned by Yu, so he is deemed to beneficially own the same amount.
The filing notes there is no change in the number of Class A shares held by the reporting persons. Their ownership percentage declined because Maase issued additional Class A ordinary shares in a separate transaction on January 14, 2026, in which neither WJ Management nor Yu participated. Each Class A share carries one vote, while each Class B share carries one hundred votes, which explains why their voting power percentage is lower than their economic stake.
Maase Inc. received an updated ownership filing from Golden Brighter Limited and its owner, Baron Ren, on a Schedule 13D/A Amendment No. 2. The reporting persons beneficially own 93,049,939 Class A ordinary shares, which is 26.23% of Maase’s outstanding ordinary shares and represents 9.17% of the company’s voting power.
All 93,049,939 Class A shares are held directly by Golden Brighter Limited, which is wholly owned by Baron Ren, giving him deemed beneficial ownership with sole voting and dispositive power. The filing notes there has been no change in the number of Class A shares they hold; the lower ownership percentage results from Maase issuing additional Class A shares in a separate transaction on January 14, 2026. The reporting persons state they have made no transactions in Maase shares during the 60 days before the filing.
Maase Inc. investor Arts Wing Limited and its owner Robert Liu have updated their ownership disclosure in an amended Schedule 13D. They report beneficial ownership of 92,122,044 Class A ordinary shares, representing 25.97% of Maase’s outstanding ordinary shares and 9.08% of its total voting power as of January 14, 2026. Each Class A share carries one vote, while each Class B share carries one hundred votes.
The shares are directly held by Arts Wing Limited, which is wholly owned by Robert Liu, giving him beneficial ownership under regulatory rules. The filing states there is no change in the number of Class A shares they hold; the lower ownership percentage results from Maase issuing additional Class A shares in a separate transaction on January 14, 2026, in which they did not participate.
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.
Maase Inc. reported that its board of directors approved changing the company’s Chinese name from “瑰宝数科集团有限公司” to “麦思智能引擎有限公司” effective December 12, 2025. The company believes the new name will more accurately reflect its business focus, strengthen brand recognition in the market, and help with brand promotion, market positioning, and long-term brand loyalty.