QINGDAO, China, January 23, 2026 — Maase Inc. (NASDAQ: MAAS) (“MAAS” or the “Company”) today revealed it has signed a transaction agreement to purchase 100% of the equity of Times Good Limited (the “Target Company” or “Times Good”), which holds core assets and operations of Huazhi Future (Chongqing) Technology Co., Ltd. (“Huazhi Future”) and its subsidiaries (together the “Huazhi Group”). Huazhi Group is a top provider of computing power and algorithm solutions in China. This acquisition represents a critical step in MAAS’s execution of its dual-engine strategy, fueled by intelligent technology and capital investments. By combining Huazhi Group’s foundational computing power and core algorithm capabilities, MAAS will build a comprehensive technology stack spanning computing infrastructure, intelligent algorithms, smart hardware, and full-scenario services. This signifies MAAS’s strategic evolution from a “Scenario Operator” to an “AI Industry Leader” with full-stack, self-sufficient capabilities.
Huazhi Group is valued at approximately RMB1.1 billion in the transaction. Payment will consist of a mix of shares and cash: (i) a total of 87,400,144 Class A ordinary shares of the Company with a par value of US$0.09 each (the “Consideration Shares”), and (ii) a US$26 million cash payment due within 365 days of closing. The Consideration Shares will be subject to a 60-month lock-up period following the closing. The transaction is expected to finalize by the end of February 2026.
Specializing in high-performance computing and AI algorithm R&D, Huazhi Group boasts robust computing clusters and advanced foundational algorithm frameworks that provide a solid base for training and deploying AI applications. It focuses on integrating high-performance computing power, big data, and algorithm resources, serving government sectors such as public security, firefighting, agriculture, forestry, and water resources while supporting large enterprises’ digital transformation. Following the acquisition’s completion, MAAS will establish vertically integrated capabilities covering “computing power, algorithms, and smart hardware-enabled full-scenario operational services,” linking every technical环节 in AI industrial implementation.
Ms. Min Zhou, MAAS’s Chief Executive Officer, stated: “MAAS originated from capital but grows through technology. We’ve remained committed to identifying high-quality targets that expand the boundaries of our AI ecosystem—and Huazhi Group is the core engine powering the evolution of these scenarios. With Huazhi Group’s addition, MAAS now holds integrated hardware-software capabilities. We will continue our dedication to enabling a future of freedom through intelligent technology and creating long-term value for our shareholders.”
About MAAS
Founded in 2010 and previously known as Highest Performances Holdings Inc. and Puyi Inc., we have evolved with a vision to become a leading provider of intelligent technology-driven family and enterprise services. Our mission is to enhance global families’ quality of life through two key drivers: technological intelligence and capital investments. We are dedicated to investing in high-quality, globally promising enterprises, focusing on areas like AI services, advanced deep-tech solutions, and science-backed health and wellness products.
Forward-Looking Statements
This press release includes forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements cover plans, objectives, goals, strategies, future events or performance, underlying assumptions, and other statements that are not historical facts. When MAAS uses terms such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions not tied solely to historical matters, it is making forward-looking statements. These statements are not guarantees of future performance and involve risks and uncertainties that could cause actual results to differ materially from MAAS’s expectations in the forward-looking statements. Risks include, but are not limited to: failure to satisfy or waive various acquisition closing conditions; MAAS’s goals and strategies; future business development; product and service demand and acceptance; technological changes; economic conditions; reputation and brand; competitive impacts and pricing; government regulations; fluctuations in general economic and business conditions in China and the international markets MAAS serves; and assumptions underlying or related to any of the above, plus other risks outlined in MAAS’s Securities and Exchange Commission (SEC) filings. For these and other reasons, investors are cautioned against placing undue reliance on any forward-looking statements in this release. Additional factors are discussed in MAAS’s SEC filings, available for review at www.sec.gov. MAAS assumes no obligation to publicly revise these forward-looking statements to reflect events or circumstances arising after the date of this release.
CONTACT: For more information, please contact: Investor Relations Phone: +86-532-66030885 Email: ir@maaseai.com
