MAAS Acquires Huazhi Group for ~RMB1.1B

Maase Inc. (NASDAQ: MAAS) has completed its acquisition of Huazhi Group, controlled through Times Good Limited. The transaction values Huazhi Group at approximately RMB1.1 billion.

MAAS will pay consideration through a mix of shares and cash: 87,400,144 Class A ordinary shares plus a US$26,000,000 cash payment due within 365 days after closing. The consideration shares are subject to a 60-month lock-up period. The deal was structured to integrate Huazhi Group’s computing power and algorithm capabilities into MAAS’s AI ecosystem.

Huazhi Group is described as a provider of computing power and algorithm solutions in China, supporting government governance sectors and enterprise digital transformation, with high-performance computing clusters and AI algorithm R&D capabilities.