Maase Inc. Schedule 13G discloses that YCY Management Company Limited and Yap Chee Wee beneficially hold 45,000,000 Class A ordinary shares, representing 10.18% of the issuer's outstanding ordinary shares as of March 30, 2026. The filing states the ownership is held through YCY Management Company Limited, which is wholly owned by Yap Chee Wee.
Shares outstanding were 442,175,578 ordinary shares as of March 30, 2026, comprising 435,508,910 Class A and 6,666,668 Class B ordinary shares according to issuer records.
Positive
None.
Negative
None.
Insights
Minority stake disclosed: a 10.18% beneficial holding via a wholly owned vehicle.
The filing documents a substantial passive ownership position by YCY Management Company Limited and its ultimate owner, Yap Chee Wee, with sole voting and dispositive power over 45,000,000 Class A shares. The statement clarifies ownership structure and voting authority without describing transactions.
Materiality is limited to disclosure: subsequent filings would show any change in holdings or intent. Timing and cash‑flow treatment are not stated in the excerpt.
Disclosure improves ownership transparency; no active acquisition or disposition is reported.
The Schedule 13G identifies the reporting persons, addresses, and citizenship, and attributes voting/dispositive power to the reporting vehicle and its owner. This aligns with standard passive investor disclosure requirements under beneficial ownership rules.
Watch for future amendments or Schedule 13D if the position becomes active or exceeds passive filing thresholds.
Key Figures
Reported shares held:45,000,000 sharesBeneficial ownership percent:10.18%Shares outstanding:442,175,578 ordinary shares+2 more
5 metrics
Reported shares held45,000,000 sharesClass A ordinary shares held by YCY Management/Yap Chee Wee
Beneficial ownership percent10.18%Percentage of ordinary shares outstanding as of March 30, 2026
Shares outstanding442,175,578 ordinary sharesIssuer records as of March 30, 2026
Class A outstanding435,508,910 Class A sharesComponent of total outstanding as of March 30, 2026
Class B outstanding6,666,668 Class B sharesComponent of total outstanding as of March 30, 2026
Key Terms
Schedule 13G, Beneficially owned, Sole dispositive power
3 terms
Schedule 13Gregulatory
"Schedule 13G discloses beneficial ownership by passive investors"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
Beneficially ownedfinancial
"Amount beneficially owned: see cover pages of this"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Sole dispositive powerregulatory
"Sole Dispositive Power 45,000,000.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Maase Inc.
(Name of Issuer)
Class A Ordinary Share, par value $0.09 per share
(Title of Class of Securities)
G4453R115
(CUSIP Number)
03/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
G4453R115
1
Names of Reporting Persons
YCY Management Company Limited
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
HONG KONG
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
45,000,000.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
45,000,000.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
45,000,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
10.18 %
12
Type of Reporting Person (See Instructions)
CO
Comment for Type of Reporting Person: Note to Rows 5, 7, 9: Includes 45,000,000 Class A ordinary shares, par value $0.09 per share, of Maase Inc. (the "Issuer") held by YCY Management Company Limited. YCY Management Company Limited is wholly owned by YAP CHEE WEE.
Note to Row 11: The percentage calculation is based on 442,175,578 ordinary shares (excluding treasury shares), comprising of 435,508,910 Class A ordinary shares (excluding treasury shares) and 6,666,668 Class B ordinary shares, of the Issuer outstanding as of March 30, 2026 according to records of the Issuer.
SCHEDULE 13G
CUSIP Number(s):
G4453R115
1
Names of Reporting Persons
YAP CHEE WEE
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
SINGAPORE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
45,000,000.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
45,000,000.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
45,000,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
10.18 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: Note to Rows 5, 7, 9: Includes 45,000,000 Class A ordinary shares, par value $0.09 per share, of the Issuer held by YCY Management Company Limited. YCY Management Company Limited is wholly owned by YAP CHEE WEE.
Note to Row 11: The percentage calculation is based on 442,175,578 ordinary shares (excluding treasury shares), comprising of 435,508,910 Class A ordinary shares (excluding treasury shares) and 6,666,668 Class B ordinary shares, of the Issuer outstanding as of March 30, 2026 according to records of the Issuer.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Maase Inc.
(b)
Address of issuer's principal executive offices:
Bldg 48, Zhixin Manufacturing Vly Industrial Park, No. 52 Yangzhou Road, Laixi, Qingdao, Shandong, People's Republic of China, 266000.
Item 2.
(a)
Name of person filing:
This Schedule 13G is filed on behalf of the following persons (collectively, the "Reporting Persons")
(i) YCY Management Company Limited
(ii) YAP CHEE WEE
(b)
Address or principal business office or, if none, residence:
The principal business office of YCY Management Company Limited is Rm502C 5/F Ho King Comm Ctr 2-16 FA, Yuen St, Mongkok KL, Hong Kong.
The address of YAP CHEE WEE is 156 HAIG ROAD, #07-01 HAIG COURT, Singapore 438793.
(c)
Citizenship:
YCY Management Company Limited is a Hong Kong company.
YAP CHEE WEE is a citizen of Singapore.
(d)
Title of class of securities:
Class A Ordinary Share, par value $0.09 per share
(e)
CUSIP Number(s):
G4453R115
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
For information regarding beneficial ownership of the Reporting Persons, see the information presented on the cover pages of this Schedule 13G.
(b)
Percent of class:
For information regarding beneficial ownership of the Reporting Persons, see the information presented on the cover pages of this Schedule 13G.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
For information regarding beneficial ownership of the Reporting Persons, see the information presented on the cover pages of this Schedule 13G.
(ii) Shared power to vote or to direct the vote:
For information regarding beneficial ownership of the Reporting Persons, see the information presented on the cover pages of this Schedule 13G.
(iii) Sole power to dispose or to direct the disposition of:
For information regarding beneficial ownership of the Reporting Persons, see the information presented on the cover pages of this Schedule 13G.
(iv) Shared power to dispose or to direct the disposition of:
For information regarding beneficial ownership of the Reporting Persons, see the information presented on the cover pages of this Schedule 13G.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
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.
The filing reports YCY Management Company Limited and its owner Yap Chee Wee beneficially hold 45,000,000 Class A shares, equal to 10.18% of outstanding ordinary shares as of March 30, 2026.
How was the 10.18% calculated for MAAS?
The percentage is based on 442,175,578 ordinary shares outstanding as of March 30, 2026, comprising 435,508,910 Class A and 6,666,668 Class B ordinary shares, per issuer records cited in the filing.
Does YAP CHEE WEE have voting power over the shares reported?
Yes. The Schedule 13G states sole voting power and sole dispositive power for 45,000,000 Class A shares, held by YCY Management Company Limited, which is wholly owned by Yap Chee Wee.
What type of SEC filing is this for MAAS?
This is a Schedule 13G, a beneficial ownership disclosure typically used by passive investors to report holdings; it lists ownership, voting/dispositive powers, and contact addresses for the reporting persons.
