MAAS Finalizes Strategic Acquisition of Huazhi Future, Achieving Full-Stack Self-Controllable AI Capabilities

(SeaPRwire) –   QINGDAO, China, March 31, 2026 — Maase Inc. (NASDAQ: MAAS) (“MAAS” or the “Company”) has announced the successful finalization of its acquisition of 100% equity in Times Good Limited. This company manages the core business and assets of Huazhi Future (Chongqing) Technology Co., Ltd. and its associated entities (the “Huazhi Group”). The deal, first announced on January 23, 2026, was concluded on March 30, 2026. This milestone marks MAAS’s strategic shift from a “Scenario Operator” to a comprehensive “AI Industry Player” with end-to-end, self-controlled technical capabilities.

As of the closing on March 30, 2026, the Company reported 442,175,578 total ordinary shares outstanding, consisting of 435,508,910 Class A and 6,666,668 Class B ordinary shares. The sellers now hold 87,400,144 Class A ordinary shares, representing approximately 19.77% of the total share capital and 7.93% of the total voting power.

Huazhi Group focuses on high-performance computing and AI algorithm R&D, covering both resource integration and advanced algorithm creation. It possesses deep expertise in enterprise digital transformation and smart governance, including fields like public security, agriculture, and emergency management. Post-merger, MAAS will integrate its computing infrastructure, proprietary algorithms, and intelligent hardware with its operational services to establish a full-stack AI technology ecosystem across the entire value chain.

Ms. Min Zhou, CEO of MAAS, noted, “This acquisition is a landmark in our strategic development. Huazhi Group’s technology is highly complementary to our existing operations. We will now focus on integrating our technical architectures and talent, targeting key sectors like energy optimization, smart commercial networks, and urban governance. We remain committed to expanding AI applications and enhancing our AI ecosystem.”

About MAAS

Founded in 2010 and formerly known as Puyi Inc. and Highest Performances Holdings Inc., MAAS has evolved into a leading provider of intelligent technology services for families and enterprises. Our mission is to improve global quality of life through technology and capital. We invest in high-quality global firms, focusing on AI services, deep-tech, and health and wellness.

Forward-Looking Statements

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995, including plans, goals, and future performance. Words such as “will,” “expect,” or “anticipate” identify these statements, which are not guarantees and involve risks. Actual results may differ due to factors like market competition, regulatory changes, and economic conditions in China and elsewhere, as detailed in MAAS’s SEC filings. Investors are cautioned not to rely unduly on these statements. MAAS does not undertake to update these statements based on future events.

CONTACT: For more information, please contact:
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Maase Inc.