Maase Inc. (MAAS) Form 20-F — Oct 26, 2026
Maase Inc. filed its Form 20-F for fiscal year ended June 30, 2026 following a sweeping business transformation: acquisitions of Carve Group, Real Prospect Group and Huazhi Group, disposal of Puyi former VIEs, and deconsolidation of AIFU. The company now spans computing power and AI solutions, EV charging and smart energy, and health and wellness products. The annual report discloses a material ICDR arbitration brought by GEM entities seeking damages under April 2024 agreements that contemplated up to a US$1 billion equity investment, which the board voided for fraud.
Key figures
- Shares Outstanding
- 442175578
- Fx rate
- RMB6.7851 to US$1.00
- Inventory rmb
- RMB2.4 billion (wild ginseng and high-grade tea, ~49% of total assets)
- Class a shares
- 435508910
- Class b shares
- 6666668
- Voting control moonlit
- approximately 50.41%
- Goodwill intangibles rmb
- RMB2.1 billion (~43% of total assets)
- Proposed computing power
- 4,000P (Stars Distributed Intelligent Computing Center Project)
- Gem potential investment usd
- up to US$1 billion (voided)
- Arbitration security order usd
- US$13.5 million (by November 2026)
AI analysis
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