Maase Inc. Schedule 13D Filing by WJ Management and Dejun Yu

WJ Management Company Limited and Dejun Yu 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. 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. The consideration for the transaction was 195,894,609 Class A ordinary shares of Maase Inc., issued at a price of US$1.5 per share. WJ Management, which is wholly owned by Dejun Yu, has a lock-up period of five years for its shares. The filing indicates that the Reporting Persons acquired the shares for investment purposes and may engage in communications with Maase Inc.'s management, shareholders, or board of directors regarding the company's operations, prospects, and strategic direction.