MAAS Appoints Jingkai Li as Chairman of the Board
CHENGDU, China, Nov. 28, 2025 — Maase Inc. (NASDAQ: MAAS), referred to as “MAAS” or the “Company,” announced today the immediate appointment of Mr. Jingkai Li as a director and the chairman of its board of directors (the “Board”). Mr. Li assumes these roles following the resignation of Ms. Hong Suong Nguyen from her positions as chairperson and a director of the Board, effective on the same date, due to personal reasons.
Mr. Li holds an executive master’s degree in business administration from Macau University of Science and Technology. His appointment underscores the Board’s confidence in his extensive management expertise, forward-thinking investment perspective, and substantial experience within the green industry. Having led Guangxi Qinyuan Environmental Protection Co., Ltd. for over a decade, he successfully built a technology-driven, multi-regional environmental protection industrial group, gaining significant experience in operational management and industrial integration within the resource recycling sector. This background provides him with a thorough understanding of the “green economy” sector, which MAAS focuses on, enabling him to offer strategic guidance for business areas like energy storage batteries. Furthermore, Mr. Li possesses experience in industrial investment, having made early and strategic investments in the new energy and smart technology sectors, and has been involved in the investment and integration of numerous high-tech projects. His comprehensive blend of experience positions him as the ideal leader to guide Maase through its next phase of synergistic growth.
“I am honored to assume the role of chairman of the Board at this pivotal moment for MAAS,” stated Mr. Li. “The Company has already demonstrated significant potential in its smart car wash, energy storage battery, and wellness businesses. I intend to leverage my experience in the green industry and strategic investment to foster collaborative innovation across our business units and assist the Company in capitalizing on opportunities emerging from new energy and intelligent technology trends. I look forward to working with the team to create sustainable, long-term value for our shareholders and society.”
About Maase Inc.
Founded in 2010 and previously known as Highest Performances Holdings Inc. and Puyi Inc., we have evolved with a vision to become a leading provider of intelligent technology-driven family and enterprise services. Our mission is to enhance the quality of life for families worldwide by utilizing two primary drivers: technological intelligence and capital investments. We are dedicated to investing in high-quality enterprises with global potential, focusing on areas such as artificial-intelligence services, advanced deep-tech solutions, and science-backed health and wellness products.
Forward-looking Statements
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements encompass declarations concerning plans, objectives, goals, strategies, future events or performance, underlying assumptions, and other statements that are not solely historical facts. When MAAS uses terms such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate,” or similar expressions that do not relate exclusively to historical matters, it is making forward-looking statements. Forward-looking statements do not guarantee future performance and involve risks and uncertainties that could cause actual results to differ materially from MAAS’s expectations discussed in these statements. These statements are subject to uncertainties and risks including, but not limited to, the following: MAAS’s goals and strategies; MAAS’s future business development; product and service demand and acceptance; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and the international markets MAAS serves, and assumptions underlying or related to any of the foregoing, along with other risks detailed in reports filed by MAAS with the Securities and Exchange Commission. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in MAAS’s filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. MAAS undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
CONTACT: For more information, please contact: Maase Inc. Tel: +86-028-86762596 Email: ir@maaseai.com Maase Inc.
