Maase Signs Agreement To Acquire Times Good Limited At ~$26M In Cash, Total Of 87,400,144 Class A Ordinary Shares At $0.09/Share

Maase Inc. (NASDAQ: MAAS) ("MAAS" or the "Company") today announced that it has entered into a transaction agreement to acquire 100% of the equity interests of Times Good Limited (the "Target Company" or "Times Good"), which in turn, controls core assets and operations of Huazhi Future (Chongqing) Technology Co., Ltd. ("Huazhi Future") and its subsidiaries (collectively the "Huazhi Group"). Huazhi Group is a leading provider of computing power and algorithm solutions in China. This acquisition is a key step in MAAS's implementation of its dual-engine strategy driven by intelligent technology and capital investments. By integrating Huazhi Group's underlying computing power and core algorithm capabilities, MAAS will build a complete technology stack spanning from the computing foundation and intelligent algorithms to smart hardware and full-scenario services. This marks MAAS's strategic evolution from a "Scenario Operator" to an "AI Industry Leader" with full-stack, self-controlled capabilities.

The transaction values Huazhi Group at approximately RMB1.1 billion. The consideration will be paid through a combination of shares and cash, consisting of (i) an aggregate 87,400,144 Class A ordinary shares of a par value of US$0.09 each of the Company (the "Consideration Shares"), and (ii) a cash payment of US$26,000,000, which will be paid within 365 days after the Closing. The Consideration Shares will be subject to a lock-up period of sixty (60) months following the Closing. The transaction is expected to close by the end of February 2026.