[SCHEDULE 13D/A] Maase Inc. SEC Filing

Rhea-AI Filing Summary

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.

Positive

• Clear disclosure of the origin of the shares, including the Reverse Split, private placement and acquisition consideration
• Completed transactions (10,000,000-share private placement and issuance of Consideration Shares) are documented with referenced agreements filed as exhibits
• No criminal or relevant civil proceedings involving the Reporting Persons in the prior five years

Negative

• Low governance influence: 4,444,445 Class A shares represent only 0.50% of voting power due to Class B super-voting shares
• Concentrated ownership chain (Sea Synergy wholly owned by Summer Day, which is wholly owned by Yinan Hu) may raise related-party concentration considerations for some investors

Insights

Financial Analyst

TL;DR: Reporting persons hold a small economic stake (2.00%) with limited voting influence (0.50%) after issuer transactions and a reverse split.

The filing documents the mechanics that produced the 4,444,445 Class A shares: a 1-for-90 reverse split, a 10,000,000-share private placement at $2.08 per share (with detachable warrants), and issuance of 195,894,609 shares as acquisition consideration. The stake represents an economic exposure to Maase Inc. but minimal governance influence given the dual-class capital structure where Class B shares carry 100 votes each. No legal proceedings are disclosed and the Reporting Persons state investment-only intent while reserving the right to change strategy.

Corporate Governance Expert

TL;DR: Ownership is clearly disclosed but provides negligible voting leverage under current capital structure.

The Schedule 13D details ownership through affiliated entities with sole voting and dispositive power asserted by each Reporting Person. Material governance points are explicit: the percentage holdings are calculated on 221,811,850 total ordinary shares post-issuance, and the disparity between economic ownership (2.00%) and voting power (0.50%) is driven by the issuer's Class B super-voting shares. The Reporting Persons disclose no present plans to pursue control actions and include executed agreements as exhibits.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 3)

Maase Inc.

(Name of Issuer)

Class A Ordinary Share, par value $0.09 per share

(Title of Class of Securities)

G4453R115

(CUSIP Number)

Sea Synergy Limited
c/o Yinan Hu, 27/F, Pearl River Tower, No. 15 West Zhujiang Road
Guangzhou, F4, 510623
86-20-83886888

Summer Day Limited
c/o Yinan Hu, 27/F, Pearl River Tower, No. 15 West Zhujiang Road
Guangzhou, F4, 510623
86-20-83886888

Yinan Hu
27/F, Pearl River Tower, No. 15 West Zhujiang Road
Guangzhou, F4, 510623
86-20-83886888

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

08/27/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. G4453R115

1

Name of reporting person

Sea Synergy Limited

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

VIRGIN ISLANDS, BRITISH

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 4,444,445.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 4,444,445.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

4,444,445.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

2.00 %

14

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person:

Note to Row 7, 9, 11: Includes 4,444,445 Class A ordinary shares, par value $0.09 per share, of Maase Inc. (the "Issuer") held by Sea Synergy Limited. Note to Row 13: The percentage calculation is based on 221,811,850 ordinary shares, comprising of 215,145,182 Class A ordinary shares and 6,666,668 Class B ordinary shares, of the Issuer outstanding as of August 27, 2025 according to records of the Issuer.

SCHEDULE 13D

CUSIP No. G4453R115

1

Name of reporting person

Summer Day Limited

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

VIRGIN ISLANDS, BRITISH

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 4,444,445.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 4,444,445.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

4,444,445.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

2.00 %

14

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person:

Note to Row 7, 9, 11: Includes 4,444,445 Class A ordinary shares, par value $0.09 per share, of Maase Inc. (the "Issuer") held by Sea Synergy Limited. Sea Synergy Limited is wholly owned by Summer Day Limited. Note to Row 13: The percentage calculation is based on 221,811,850 ordinary shares, comprising of 215,145,182 Class A ordinary shares and 6,666,668 Class B ordinary shares, of the Issuer outstanding as of August 27, 2025 according to records of the Issuer.

SCHEDULE 13D

CUSIP No. G4453R115

1

Name of reporting person

Yinan Hu

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CHINA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 4,444,445.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 4,444,445.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

4,444,445.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

2.00 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

Note to Row 7, 9, 11: Includes 4,444,445 Class A ordinary shares, par value $0.09 per share, of the Issuer held by Sea Synergy Limited. Sea Synergy Limited is wholly owned by Summer Day Limited, which in turn is entirely owned by Yinan Hu. Note to Row 13: The percentage calculation is based on 221,811,850 ordinary shares, comprising of 215,145,182 Class A ordinary shares and 6,666,668 Class B ordinary shares, of the Issuer outstanding as of August 27, 2025 according to records of the Issuer.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Class A Ordinary Share, par value $0.09 per share
(b)	Name of Issuer: Maase Inc.
(c)	Address of Issuer's Principal Executive Offices: 12F, Block B, Longhu Xicheng Tianjie, No. 399 Huazhaobi Xishun Street, Sichuan Province, CHINA , 610036.
Item 2.	Identity and Background
(a)	This Schedule 13D is being filed by Sea Synergy Limited ("Sea Synergy"), Summer Day Limited ("Summer Day") and Yinan Hu (collectively, the "Reporting Persons") pursuant to Rule 13d-1(k) promulgated by the SEC under Section 13 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Sea Synergy and Summer Day are both limited liability companies. Sea Synergy is wholly owned by Summer Day, which in turn is wholly owned by Mr. Yinan Hu.
(b)	The business address of the Reporting Persons is 27/F, Pearl River Tower, No. 15 West Zhujiang Road, Guangzhou, 510623.
(c)	Mr. Hu serves as a Director of both Sea Synergy and Summer Day. Sea Synergy and Summer Day are limited liability companies without any substantive operations.
(d)	During the last five years, the Reporting Persons have not been convicted in any criminal proceedings (excluding traffic violations or similar misdemeanors).
(e)	During the last five years, the Reporting Persons have not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of which such person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(f)	Mr. Hu is a PRC citizen. Sea Synergy and Summer Day are both exempt company with limited liability incorporated under the laws of British Virgin Island
Item 3.	Source and Amount of Funds or Other Consideration
	The information set forth in Item 4 and Item 6 is hereby incorporated by reference into this Item 3. On June 23, 2025, the Issuer effected a 1-for-90 reverse share split (the "Reverse Split"). Following the Reverse Split, every ninety (90) issued and authorized Class A and Class B ordinary shares of a par value of US$0.001 each were consolidated into one (1) Class A or Class B ordinary share, respectively, with a par value of US$0.09 per share. On July 3, 2025, the Issuer entered into a definitive share purchase agreement (the "Share Purchase Agreement") for a private placement with certain investors. Pursuant to the Agreement, the investors have agreed to subscribe for, and the Issuer has agreed to issue and sell to the investors, (i) an aggregate of 10,000,000 Class A ordinary shares, par value US$0.09 per share, at a purchase price of $2.08 per Class A ordinary share (the "Per Share Purchase Price") and (ii) warrants to purchase up to 20,000,000 additional Class A ordinary shares of the Issuer. The exercise price of the warrants is structured in two tranches: 50% of the warrants are exercisable at 200% of the Per Share Purchase Price, with the remaining 50% exercisable at 250%. The issuance of 10,000,000 Class A ordinary shares has been completed on July 18, 2025. On July 28, 2025, the Issuer entered into a transaction agreement (the "Transaction Agreement") with Carve Group Ltd (the "Target Company"), Golden Brighter Limited, WJ Management Company Limited and Union Chief Limited, the existing shareholders holding 100% equity securities of the Target Company (collectively the "Sellers"). Pursuant to the Transaction Agreement, the issuer agreed to purchase from the Sellers, 100% of the equity interest of the Target Company, for a consideration of a total of 195,894,609 Class A ordinary shares of a par value of US$0.09 each of the issuer (the "Consideration Shares"), at a purchase price of US$1.5 per share of the Consideration Shares. The Consideration Shares of WJ Management Company Limited and Golden Brighter Limited have a lock- up period of five years. The issuance of the Consideration Shares ("Issuance") has been completed on August 27, 2025. Following the Reverse Split and the aforementioned issuance, Sea Synergy beneficially owns 4,444,445 Class A ordinary shares of the issuer, representing 2.00% of the total issued and outstanding ordinary shares, and 0.50% of the aggregate voting power, of the Issuer. The Share Purchase Agreement has been filed by the Issuer with the SEC as Exhibit 10.1 to Form 6-K on July 3, 2025. The Transaction Agreement has been filed by the Issuer with the SEC as Exhibit 10.1 to Form 6-K on July 29, 2025
Item 4.	Purpose of Transaction
	The Reporting Persons acquired beneficial ownership of the Ordinary Shares as described in this Schedule 13D for investment purposes. The Reporting Persons intend to review their investment in the Issuer on a continuing basis. Each Reporting Person may in the future take such actions with respect to its investment in the Issuer as it deems appropriate, including changing its current intentions, with respect to any or all matters required to be disclosed in this Schedule 13D, depending on various factors, including but not limited to the Issuer's business, prospects, financial position and strategic direction, conditions in the securities markets, and general economic and industry conditions. Consistent with the Reporting Persons' investment purposes, the Reporting Persons may engage in communications with, without limitation, one or more shareholders of the Issuer, management of the Issuer or one or more members of the board of directors of the Issuer, and may make suggestions concerning the Issuer's operations, prospects, business and financial strategies, strategic direction and transactions, assets and liabilities, business and financing alternatives and such other matters as the Reporting Persons may deem relevant to their investment in the Ordinary Shares. The Reporting Persons expect that they will, from time to time, review their investment position in the Issuer and may make additional purchases of Ordinary Shares (or other securities convertible or exercisable into Ordinary Shares) in the open market or in privately negotiated transactions, or hold or dispose of all or part of their investments in the Ordinary Shares, depending upon the Reporting Persons' evaluation of the Issuer's business, prospects, financial condition and strategic direction, other opportunities available to the Reporting Persons, general economic conditions, stock market conditions and other factors. Except as set forth in this Item 4 or Item 6 below, the Reporting Persons have no present plans or proposals that relate to or that would result in any of the actions specified in clauses (a) through (j) of Item 4 of Schedule 13D of the Act.
Item 5.	Interest in Securities of the Issuer
(a)	The aggregate number of ordinary shares beneficially owned by the Reporting Persons is 4,444,445 Class A ordinary shares directly held by Sea Synergy Limited which is 100% held by Summer Day. Summer Day is 100% held by Mr. Yinan Hu. Pursuant to Section 13(d) of the Exchange Act and the rules promulgated thereunder, Summer Day Limited and Mr. Hu may be deemed to beneficially own all of the Ordinary Shares of the Issuer held by Sea Synergy. The Reporting Persons' aggregate percentage of beneficial ownership is 2.00%, representing 0.50% of the voting power of the Issuer. Percentage of beneficial ownership of Reporting Persons is based on 221,811,850 ordinary shares, comprising of 215,145,182 Class A ordinary shares and 6,666,668 Class B ordinary shares, of the Issuer outstanding as of August 27, 2025 according to records of the Issuer. Each Class A ordinary share is entitled to one (1) vote while each Class B ordinary share is entitled to one hundred (100) votes on any and all matters submitted for a vote.
(b)	Each of the Reporting Persons has sole voting and dispositive power over the ordinary shares of reported in this Schedule 13D.
(c)	During the 60 days preceding the filing of this Schedule 13D, none of the Reporting Persons and, to their knowledge, none of the director and officer of the Reporting Persons has effected any transactions in the Ordinary Shares of the Issuer except as reported herein.
(d)	To the best knowledge of the Reporting Persons, except for the agreement described in this Schedule 13D, no one other than the Reporting Persons, or the holders of interests in the Reporting Persons, has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Ordinary Shares of the Issuer that they beneficially own.
(e)	Not applicable.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Except as described above or elsewhere in this Statement or incorporated by reference in this Statement, there are no contracts, arrangements, understandings or relationships (legal or otherwise) among the Reporting Person and between the Reporting Persons and any person with respect to any securities of the Company, including, but not limited to, transfer or voting of any securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or losses, or the giving or withholding of proxies.
Item 7.	Material to be Filed as Exhibits.
	Exhibit 1: Joint Filing Agreement dated September 23, 2025 by and between the Reporting Persons Exhibit 2: List of directors and executive officers of Sea Synergy Limited (filed herewith) Exhibit 3: Share Purchase Agreement dated as of July 3, 2025 (incorporation by reference to Exhibit 10.1 to the Form 6-K of the Issuer filed with the Commission on July 3, 2025) Exhibit 4: Transaction Agreement dated as of July 28, 2025, entered by and made among Maase Inc., Golden Brighter Limited, WJ Management Company Limited, Union Chief Limited and Carve Group Ltd (incorporation by reference to Exhibit 10.1 to the Form 6-K of the Issuer filed with the Commission on July 29, 2025)

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Sea Synergy Limited

Signature:	/s/ Yinan Hu
Name/Title:	Yinan Hu/Director
Date:	09/23/2025

Summer Day Limited

Signature:	/s/ Yinan Hu
Name/Title:	Yinan Hu/Director
Date:	09/23/2025

Yinan Hu

Signature:	/s/ Yinan Hu
Name/Title:	Yinan Hu
Date:	09/23/2025

FAQ

How many Maase Inc. (MAAS) shares do the reporting persons own?

They beneficially own 4,444,445 Class A ordinary shares, representing 2.00% of issued ordinary shares.

What percentage of voting power do the reporting persons hold in MAAS?

Their holdings represent 0.50% of the aggregate voting power due to the issuer's Class B shares carrying 100 votes each.

What transactions led to the reported ownership?

The filing cites a 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 a July 28, 2025 acquisition for which 195,894,609 Class A shares were issued as consideration.

Are there any legal proceedings disclosed against the reporting persons?

No. The reporting persons state they have not been convicted of criminal proceedings (excluding minor offenses) nor been subject to relevant civil judgments in the past five years.

Do the reporting persons plan to seek control of MAAS?

The filing states the shares were acquired for investment purposes and that the reporting persons have no present plans to take actions described in Item 4 clauses (a)-(j), while reserving the right to change intentions.