|
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
|
Maase Inc. (Name of Issuer) |
Class A Ordinary Share, par value $0.09 per share (Title of Class of Securities) |
(CUSIP Number) |
Golden Brighter Limited c/o Baron Ren 1202, Tower A, 14 Science Museum Road, Tsimshatsui East Kowloon, K3, 999077 852-9263 0181 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
07/08/2026 (Date of Event Which Requires Filing of This Statement) |

SCHEDULE 13D
|
| CUSIP No. |
| 1 |
Name of reporting person
Golden Brighter Limited | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
PF | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
![]() | ||||||||
| 6 | Citizenship or place of organization
HONG KONG
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
84,472,001.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
![]() | ||||||||
| 13 | Percent of class represented by amount in Row (11)
19.10 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
SCHEDULE 13D
|
| CUSIP No. |
| 1 |
Name of reporting person
Baron Ren | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
PF | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
![]() | ||||||||
| 6 | Citizenship or place of organization
GUINEA-BISSAU
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
84,472,001.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
![]() | ||||||||
| 13 | Percent of class represented by amount in Row (11)
19.10 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
IN |
SCHEDULE 13D
|
| Item 1. | Security and Issuer | |
| (a) | Title of Class of Securities:
Class A Ordinary Share, par value $0.09 per share | |
| (b) | Name of Issuer:
Maase Inc. | |
| (c) | Address of Issuer's Principal Executive Offices:
Building 48, Zhixin Manufacturing Valley, No. 52 Yangzhou Rd, Economic Dev., Zone, Laixi, Qingdao, Shandong,
CHINA
, 266000. | |
Item 1 Comment:
This Amendment No. 3 to Schedule 13D (this "Amendment No. 3") amends and supplements the prior statement on Schedule 13D as filed on September 5, 2025 (the "Original 13D"), Amendment No. 1 to Schedule 13D filed on October 30, 2025, and Amendment No. 2 to Schedule 13D filed on January 16, 2026 (the Original 13D as amended and supplemented, this "Schedule 13D"), and relates to the beneficial ownership of Class A ordinary shares, par value $0.09 per share (the "Class A Ordinary Shares") of Maase Inc., a Cayman Islands exempted company (the "Issuer") whose principal executive office is located at Building 48, Zhixin Manufacturing Valley Industrial Park, No. 52 Yangzhou Road, Economic Development Zone, Laixi, Qingdao, Shandong, F4, 266000. | ||
| Item 5. | Interest in Securities of the Issuer | |
| (a) | Item 5(a) of this Schedule 13D is hereby amended and supplemented to add the following:
The aggregate number of ordinary shares beneficially owned by the Reporting Persons is 84,472,001 Class A Ordinary Shares directly held by Golden Brighter Limited which is 100% owned by Baron Ren. Pursuant to Section 13(d) of the Exchange Act and the rules promulgated thereunder, Mr. Ren may be deemed to beneficially own all of the Ordinary Shares of the Issuer held by Golden Brighter Limited. The Reporting Persons' aggregate percentage of beneficial ownership is 19.10%, representing 7.66% of the voting power of the Issuer. Percentage of beneficial ownership of Reporting Persons is based on 442,175,578 ordinary shares (excluding treasury shares), comprising of 435,508,910 Class A Ordinary Shares (excluding treasury shares) and 6,666,668 Class B ordinary shares, par value $0.09 per share (the "Class B Ordinary Shares") of the Issuer outstanding as of July 8, 2026 according to records of the Issuer. Each Class A Ordinary Share is entitled to one (1) vote while each Class B Ordinary Share is entitled to one hundred (100) votes on any and all matters submitted for a vote. The change in the Reporting Persons' beneficial ownership reflects (i) the disposals by the Reporting Persons of 380,000 Class A Ordinary Shares on January 15, 2026 and 8,197,938 Class A Ordinary Shares on July8, 2026, in each case, in a privately negotiated transaction, and (ii) the Issuer's issuance of additional Class A Ordinary Shares in connection with separate transactions to which neither of the Reporting Persons was a party. | |
| (b) | Each of the Reporting Person has sole voting and dispositive power over the ordinary shares of reported in this Schedule 13D. | |
| (c) | Item 5(c) of this Schedule 13D is hereby amended and supplemented to add the following:
On January 15, 2026, Golden Brighter Limited disposed of 380,000 Class A Ordinary Shares of the Issuer in a privately negotiated transaction for a consideration of US$570,000.
On July 8, 2026, Golden Brighter Limited disposed of 8,197,938 Class A Ordinary Shares of the Issuer in a privately negotiated transaction for a total consideration of US$12,296,907. | |
| (d) | To the best knowledge of the Reporting Persons, except for the agreement described in this Schedule 13D, no one other than the Reporting Persons, or the holders of interests in the Reporting Persons, has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the ordinary shares of the Issuer that they beneficially own. | |
| (e) | Not applicable. | |
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
|
|
|
|
|
Thank you for visiting the Investor Relations site of Maase Inc. (the “Company”) where the Company provides its information to help investors track the Company’s performance. The content of this site is provided for informational purposes only, and does not constitute an offer to seller or asolicitation of any offer to by any securities of the Company. Historical and current stock performance data are not necessarily indicative of future performance. Materials posed on this site contain forward-looking statements. When the Company uses words such as “may”, “will”, “intend”, “should”, “believe”, “expect”, “anticipate”,“project”, “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from theCompany’s expectations discussed in the forward-looking statements. Factors that may cause such a difference include, but are not limited to, those outlined in our filings with the SEC, including our annual report on Form 20-F, all of which are listed on the page under “SEC Filings”. We do not undertake any obligation to update this forward-looking information, except as requiredunder applicable law.
Materials posed on this site contain market data and industry information that the Company has based onits management’s understanding of the industry and its good faith estimates.Where practicable, the Company has also relied on its management’s review of independent industry surveys and publications and other publicly available information prepared by third-party sources. All of the market data and industry information used herein involves a number of assumptions and limitations, and you are not to give undue weight to these estimates. Although the Company believes these sources are reliable, it has not independently verified these market data and industry information and cannot guarantee their accuracyor completeness. The Company believes the market position, market opportunity,and market size information included herein is generally reliable, but this information is inherently imprecise and based in part on estimates and beliefs of management. Neither the Company nor any of its representatives, officers, directors, employees and agents make any representation or warranty as to the accuracy or completeness of any such statement or prediction. Projections, assumptions and estimates of the Company’s future performance and the future performance of the industry in which the Company operates are necessarily subject to a high degree of uncertainty and risk due to a variety of factors, including those described above. These and other factors could cause results to differ materially from those expressed in the estimates and beliefs and in the estimates prepared by independent parties.
By clicking on “Accept,” the viewer acknowledges that he, she or it has read, understands and accepts this disclaimer.