Golden Brighter Limited and Baron Ren's Schedule 13D Filing for Maase Inc.

Golden Brighter Limited and Baron Ren have filed a Schedule 13D with the SEC, disclosing their beneficial ownership of 93,049,939 Class A ordinary shares of Maase Inc., representing 41.95% of the total issued and outstanding ordinary shares and 10.55% of the aggregate voting power. The shares were acquired as part of a transaction agreement dated July 28, 2025, where Maase Inc. agreed to purchase 100% of the equity interest of Carve Group Ltd from Golden Brighter Limited, WJ Management Company Limited, and Union Chief Limited. The consideration was 195,894,609 Class A ordinary shares of Maase Inc. at a purchase price of US$1.5 per share. Golden Brighter Limited, which is wholly owned by Baron Ren, has sole voting and dispositive power over the shares. The filing indicates that the shares were acquired for investment purposes, and the Reporting Persons may engage in communications with shareholders, management, or the board of directors of Maase Inc. to discuss the company's operations, prospects, and strategic direction. The Reporting Persons may also make additional purchases or dispose of their investments depending on various factors.