MAAS Announces Transaction Agreement to Acquire Times Good, Establishing Full-Stack AI Ecosystem with Leading Computing Power and Algorithms

Core Viewpoint - Maase Inc. has announced a transaction agreement to acquire 100% of Times Good Limited, which controls the Huazhi Group, a leading provider of computing power and algorithm solutions in China, marking a strategic evolution for MAAS towards becoming an AI industry leader with full-stack capabilities [1][3][4] Group 1: Acquisition Details - The transaction values Huazhi Group at approximately RMB1.1 billion, with consideration paid through 87,400,144 Class A ordinary shares and a cash payment of US$26 million, expected to close by the end of February 2026 [2] - The cash payment will be made within 365 days after the closing, and the shares will be subject to a lock-up period of 60 months [2] Group 2: Huazhi Group's Capabilities - Huazhi Group specializes in high-performance computing and AI algorithm R&D, providing a solid foundation for AI applications through robust computing clusters and advanced algorithm frameworks [3] - The group serves various sectors including public security, firefighting, agriculture, forestry, and water resources, and supports the digital transformation of large enterprises [3] Group 3: Strategic Implications for MAAS - The acquisition will enable MAAS to establish vertically integrated capabilities covering computing power, algorithms, and smart hardware, enhancing its operational services in the AI industry [3] - MAAS aims to evolve from a "Scenario Operator" to an "AI Industry Leader," integrating hardware and software capabilities to expand its AI ecosystem [4]