As of November 6, 2026, 4 holders' latest Schedule 13D or 13G filings report owning 5% or more of Maase Inc. The largest reported stake is Arts Wing Limited's, at 17.77%. 22 filings are on record since August 1, 2025 (Schedule 13D/A, April 9, 2026).
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Key facts
- · Reporting person: Golden Brighter Limited · Sole voting: 65,862,013 · Shared voting: 0 · Sole dispositive: 65,862,013 · Shared dispositive: 0 · SCHEDULE 13D/A, 2026-08-14
- · Reporting person: WJ Management Company Limited · Sole voting: 64,439,951 · Shared voting: 0 · Sole dispositive: 64,439,951 · Shared dispositive: 0 · SCHEDULE 13D/A, 2026-08-14
- · Holder: Baron Ren · Percent: 19.1% · SCHEDULE 13D/A
- · Holder: Arts Wing Limited · Percent: 17.77% · SCHEDULE 13D/A
- · Holder: YCY Management Company Limited · Percent: 10.18% · SCHEDULE 13G
Maase Inc. has 22 Schedule 13D or 13G filings on record since 2025-08-01. 4 holders' latest filing reports 5% or more of class a ordinary share, par value $0.09 per share. Each figure below is the holder's own, as filed, with the filing linked.
Holders
| Holder | Percent | Shares | Latest | Event date |
|---|---|---|---|---|
| Arts Wing Limited | 17.77% | 78,564,455 | SCHEDULE 13D/A, 2026-04-09 | 2026-04-07 |
| 14.89% | 65,862,013 | SCHEDULE 13D/A, 2026-08-14 | 2026-08-05 | |
| 14.57% | 64,439,951 | SCHEDULE 13D/A, 2026-08-14 | 2026-08-05 | |
| YCY Management Company Limited | 10.18% | 45,000,000 | SCHEDULE 13G, 2026-04-06 | 2026-03-30 |
| 2% | 4,444,445 | SCHEDULE 13D/A, 2025-09-23 | 2025-08-27 | |
| Moonlit Group Ltd | 1.74% | 5,557,779 | SCHEDULE 13D/A, 2025-10-30 | 2025-10-28 |
| 1.39% | 4,444,445 | SCHEDULE 13D/A, 2026-01-05 | 2025-10-13 | |
| YF Management Company Limited | 1.06% | 4,700,000 | SCHEDULE 13G/A, 2026-04-03 | 2026-03-31 |
| Equality Group Ltd. | 0.35% | 1,112,224 | SCHEDULE 13D/A, 2025-10-30 | 2025-10-28 |
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More on Maase Inc. and the records around it.
Maase Inc. elsewhere on the record
Companies that share a holder
- YF Management Company Limited also filed stake reports on 1 other company: AIFU Inc. (Oct 2026)
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Voting and dispositive power, as filed
| Reporting person | Sole voting | Shared voting | Sole dispositive | Shared dispositive | Filing |
|---|---|---|---|---|---|
| Golden Brighter Limited | 65,862,013 | 0 | 65,862,013 | 0 | SCHEDULE 13D/A, 2026-08-14 |
| Baron Ren | 65,862,013 | 0 | 65,862,013 | 0 | SCHEDULE 13D/A, 2026-08-14 |
| WJ Management Company Limited | 64,439,951 | 0 | 64,439,951 | 0 | SCHEDULE 13D/A, 2026-08-14 |
| Yu Dejun | 64,439,951 | 0 | 64,439,951 | 0 | SCHEDULE 13D/A, 2026-08-14 |
The latest filing identifies Maase Inc. by CUSIP G4453R115 and gives its principal executive office as Building 48, Zhixin Manufacturing Valley, No. 52 Yangzhou Rd, Economic Dev., Zone, Laixi, Qingdao, Shandong (SCHEDULE 13D/A, 2026-08-14).
Purpose of Transaction (Item 4)
Equality Group Ltd.
The Reporting Persons acquired beneficial ownership of the Ordinary Shares as described in this Schedule 13D for investment purposes. The Reporting Persons intend to review their investment in the Issuer on a continuing basis. Each Reporting Person may in the future take such actions with respect to its investment in the Issuer as it deems appropriate, including changing its current intentions, with respect to any or all matters required to be disclosed in this Schedule 13D, depending on various factors, including but not limited to the Issuer's business, prospects, financial position and strategic direction, conditions in the securities markets, and general economic and industry conditions. Consistent with the Reporting Persons' investment purposes, the Reporting Persons may engage in communications with, without limitation, one or more shareholders of the Issuer, management of the Issuer or one or more members of the board of directors of the Issuer, and may make suggestions concerning the Issuer's operations, prospects, business and financial strategies, strategic direction and transactions, assets and liabilities, business and financing alternatives and such other matters as the Reporting Persons may deem relevant to their investment in the Ordinary Shares. The Reporting Persons expect that they will, from time to time, review their investment position in the Issuer and may make additional purchases of Ordinary Shares (or other securities convertible or exercisable into …The first part of Item 4 of the SCHEDULE 13D/A filed 2025-10-30; the filing has the rest
Yinan Hu
The Reporting Persons acquired beneficial ownership of the Ordinary Shares as described in this Schedule 13D for investment purposes. The Reporting Persons intend to review their investment in the Issuer on a continuing basis. Each Reporting Person may in the future take such actions with respect to its investment in the Issuer as it deems appropriate, including changing its current intentions, with respect to any or all matters required to be disclosed in this Schedule 13D, depending on various factors, including but not limited to the Issuer's business, prospects, financial position and strategic direction, conditions in the securities markets, and general economic and industry conditions. Consistent with the Reporting Persons' investment purposes, the Reporting Persons may engage in communications with, without limitation, one or more shareholders of the Issuer, management of the Issuer or one or more members of the board of directors of the Issuer, and may make suggestions concerning the Issuer's operations, prospects, business and financial strategies, strategic direction and transactions, assets and liabilities, business and financing alternatives and such other matters as the Reporting Persons may deem relevant to their investment in the Ordinary Shares. The Reporting Persons expect that they will, from time to time, review their investment position in the Issuer and may make additional purchases of Ordinary Shares (or other securities convertible or exercisable into …The first part of Item 4 of the SCHEDULE 13D/A filed 2025-09-23; the filing has the rest
Moonlit Group Ltd
The Reporting Persons acquired beneficial ownership of the Ordinary Shares as described in this Schedule 13D for investment purposes. The Reporting Persons intend to review their investment in the Issuer on a continuing basis. Each Reporting Person may in the future take such actions with respect to its investment in the Issuer as it deems appropriate, including changing its current intentions, with respect to any or all matters required to be disclosed in this Schedule 13D, depending on various factors, including but not limited to the Issuer's business, prospects, financial position and strategic direction, conditions in the securities markets, and general economic and industry conditions. Consistent with the Reporting Persons' investment purposes, the Reporting Persons may engage in communications with, without limitation, one or more shareholders of the Issuer, management of the Issuer or one or more members of the board of directors of the Issuer, and may make suggestions concerning the Issuer's operations, prospects, business and financial strategies, strategic direction and transactions, assets and liabilities, business and financing alternatives and such other matters as the Reporting Persons may deem relevant to their investment in the Ordinary Shares. The Reporting Persons expect that they will, from time to time, review their investment position in the Issuer and may make additional purchases of Ordinary Shares (or other securities convertible or exercisable into …The first part of Item 4 of the SCHEDULE 13D/A filed 2025-10-30; the filing has the rest
Cheng Jianguo
Item 4 of this Schedule 13D is hereby amended and supplemented to add the following: Yinan Hu, through his wholly-owned subsidiary, disposed of his interest in Sea Synergy, and in turn, such number of Class A Ordinary Shares of the Issuer, for personal investment purposes. Jianguo Cheng and Wei Yang, through acquisition of interests in Sea Synergy, acquired beneficial ownership of the Class A Ordinary Shares as described in this Schedule 13D for investment purposes. Jianguo Cheng and Wei Yang intend to review their investment in the Issuer on a continuing basis. Each of Jianguo Cheng and Wei Yang may in the future take such actions with respect to its investment in the Issuer as he deems appropriate, including changing his current intentions, with respect to any or all matters required to be disclosed in this Schedule 13D, depending on various factors, including but not limited to the Issuer's business, prospects, financial position and strategic direction, conditions in the securities markets, and general economic and industry conditions. Consistent with investment purposes, Jianguo Cheng and Wei Yang may engage in communications with, without limitation, one or more shareholders of the Issuer, management of the Issuer or one or more members of the board of directors of the Issuer, and may make suggestions concerning the Issuer's operations, prospects, business and financial strategies, strategic direction and transactions, assets and liabilities, business and financing …The first part of Item 4 of the SCHEDULE 13D/A filed 2026-01-05; the filing has the rest
Timeline
| Filed | Holder | Percent | Filing |
|---|---|---|---|
| 2025-08-01 | YF Management Company Limited | 19.29% | SCHEDULE 13G |
| 2025-09-05 | Baron Ren | 41.95% | SCHEDULE 13D |
| 2025-09-16 | Dejun Yu | 41.95% | SCHEDULE 13D |
| 2025-09-23 | Equality Group Ltd. | 0.5% | SCHEDULE 13D/A |
| 2025-09-23 | Yinan Hu | 2% | SCHEDULE 13D/A |
| 2025-09-23 | Moonlit Group Ltd | 2.51% | SCHEDULE 13D/A |
| 2025-10-30 | Equality Group Ltd. | 0.35% | SCHEDULE 13D/A |
| 2025-10-30 | Baron Ren | 29.1% | SCHEDULE 13D/A |
| 2025-10-30 | Dejun Yu | 29.1% | SCHEDULE 13D/A |
| 2025-10-30 | Moonlit Group Ltd | 1.74% | SCHEDULE 13D/A |
| 2025-11-10 | Arts Wing Limited | 28.8% | SCHEDULE 13D |
| 2025-12-30 | Yu Dejun | 25.96% | SCHEDULE 13D/A |
| 2026-01-05 | Cheng Jianguo | 1.39% | SCHEDULE 13D/A |
| 2026-01-16 | Arts Wing Limited | 25.97% | SCHEDULE 13D/A |
| 2026-01-16 | Baron Ren | 26.23% | SCHEDULE 13D/A |
| 2026-01-16 | Yu Dejun | 23.41% | SCHEDULE 13D/A |
| 2026-04-03 | YF Management Company Limited | 1.06% | SCHEDULE 13G/A |
| 2026-04-06 | YCY Management Company Limited | 10.18% | SCHEDULE 13G |
| 2026-04-09 | Arts Wing Limited | 17.77% | SCHEDULE 13D/A |
| 2026-07-09 | Baron Ren | 19.1% | SCHEDULE 13D/A |
| 2026-08-14 | Baron Ren | 14.89% | SCHEDULE 13D/A |
| 2026-08-14 | Yu Dejun | 14.57% | SCHEDULE 13D/A |
Questions about who owns Maase Inc.
Who owns Maase Inc.?
On this page, 4 holders' latest ownership filings report 5% or more of Maase Inc.: Arts Wing Limited (17.77%, Schedule 13D/A, filed 2026-04-09), Baron Ren (14.89%, Schedule 13D/A, filed 2026-08-14), Yu Dejun (14.57%, Schedule 13D/A, filed 2026-08-14) and YCY Management Company Limited (10.18%, Schedule 13G, filed 2026-04-06).
Who are the largest shareholders of Maase Inc.?
By the share each holder's latest filing reports, the largest holders of Maase Inc. on this page are Arts Wing Limited (17.77%), Baron Ren (14.89%) and Yu Dejun (14.57%).
When did Arts Wing Limited buy into Maase Inc.?
The filings give report dates, not purchase dates. The earliest filing from Arts Wing Limited on this page is the Schedule 13D, filed 2025-11-10, reporting 28.8%; its latest, Schedule 13D/A filed 2026-04-09, reports 17.77%.
Is this an audit or a full list?
Neither. The ownership list on this page covers only Schedule 13D and 13G filings, which holders make once they own 5% or more of a class of shares (an amendment can report a stake that has since fallen below 5%); 22 such filings are shown here. It is not an audit and not a full cap table: holders who never reached 5% are not listed, and a stake can change after its latest filing.
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Where this comes from
Anyone who comes to own more than 5% of a class of a listed company's voting shares has to tell the SEC. A holder who may seek to change or influence the company files Schedule 13D, and has to say in Item 4, "Purpose of Transaction", what it intends to do. A holder with no such intent, such as many index and passive funds, may file the shorter Schedule 13G. Both are amended when the stake changes, including when it falls below 5%.
Every row here is one of those filings, linked to the filing itself. Percentages and share counts are exactly as the holder filed them, for the holder the filing names; an amendment showing a lower figure is shown as filed. Item 4 text is quoted word for word. Where a 13D's Item 4 contains a sentence stating a definite intent to influence the company, that sentence is marked and quoted; the page does not describe the holder or its motives beyond the words it filed. Nothing here is investment advice.