# EDGAR Filing Document

**Accession Number:** 0001943764
**File Stem:** 0001213900-26-000764
**Filing Date:** 2026-1
**Character Count:** 22573
**Document Hash:** ff1646a981fe29474a27115628b47f39
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-26-000764.hdr.sgml**: 20260105

**ACCESSION NUMBER**: 0001213900-26-000764

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20260105

**DATE AS OF CHANGE**: 20260105

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Maase Inc.
- **CENTRAL INDEX KEY:** 0001750264
- **STANDARD INDUSTRIAL CLASSIFICATION:** INVESTMENT ADVICE [6282]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-91382
- **FILM NUMBER:** 26503973

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 12F, BLOCK B, LONGHU XICHENG TIANJIE
- **STREET 2:** NO. 399 HUAZHAOBI XISHUN STREET, JINNIU
- **CITY:** CHENGDU SICHUAN PROVINCE, PRC
- **PROVINCE COUNTRY:** F4
- **BUSINESS PHONE:** 86-020-28381666

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 12F, BLOCK B, LONGHU XICHENG TIANJIE
- **STREET 2:** NO. 399 HUAZHAOBI XISHUN STREET, JINNIU
- **CITY:** CHENGDU SICHUAN PROVINCE, PRC
- **PROVINCE COUNTRY:** F4

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Highest Performances Holdings Inc.
- **DATE OF NAME CHANGE:** 20240313

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PUYI, INC.
- **DATE OF NAME CHANGE:** 20180815
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Cheng Jianguo
- **CENTRAL INDEX KEY:** 0001943764

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 61F, PEARL RIVER TOWER, 15 ZHUJIANG WEST
- **STREET 2:** ROAD, ZHUJIANG NEW TOWN, TIANHE DISTRICT
- **CITY:** GUANGZHOU
- **PROVINCE COUNTRY:** F4

## Ex-5

**Exhibit 5**

**JOINT FILING AGREEMENT**

In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, each of the undersigned parties hereby agrees to file jointly the statement on Schedule 13D (including any amendments thereto) with respect to the Class A Ordinary Share, par value $0.09 per share, of Maase Inc.

It is understood and agreed that each of the parties hereto is responsible for the timely filing of such statement and any amendments thereto, and for the completeness and accuracy of information concerning such party contained therein, but such party is not responsible for the completeness and accuracy of information concerning another party unless such party knows or has reason to believe such information is inaccurate. It is understood and agreed that a copy of this agreement shall be attached as an exhibit to the statement on Schedule 13D, and any amendments thereto, filed on behalf of the parties hereto.

This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument.

[Remainder of this page has been left intentionally blank.]

**Signature Page**

IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of January 5, 2026.

---

| | |
|:---|:---|
| SEA SYNERGY LIMITED | SEA SYNERGY LIMITED |
| By: | /s/ Wei Yang |
| Name: | Wei Yang |
| Title: | Director |
| SUMMER DAY LIMITED | SUMMER DAY LIMITED |
| By: | /s/ Yinan Hu |
| Name: | Yinan Hu |
| Title: | Director |
| YINAN HU | YINAN HU |
| /s/ Yinan Hu | /s/ Yinan Hu |

---

---

| |
|:---|
| JIANGUO CHEN |
| /s/ JIANGUO CHEN |

---

---

| |
|:---|
| WEI YANG |
| /s/ WEI YANG |

---

[Signature Page to Joint Filing Agreement]

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 4)**

**Maase Inc.**

*(Name of Issuer)*

**Class A Ordinary Share, par value $0.09 per share**

*(Title of Class of Securities)*

**G4453R115**

*(CUSIP Number)*

**Sea Synergy Limited**<br>OMC Chambers, Wickhams Cay 1, Road Town<br>Tortola D8 VG1110<br>86 18620347080

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**10/13/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **G4453R115** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Sea Synergy Limited** | Name of reporting person<br>**Sea Synergy Limited** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**PF** | Source of funds (See Instructions)<br>**PF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**D8** | Citizenship or place of organization<br>**D8** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**4444445.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**4444445.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**4444445.00** | Aggregate amount beneficially owned by each reporting person<br>**4444445.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**1.39%** | Percent of class represented by amount in Row (11)<br>**1.39%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

**Comment for Reporting Person:** Note to Row 7, 9, 11: Includes 4,444,445 Class A ordinary shares, par value $0.09 per share, of Maase Inc. (the "Issuer") held by Sea Synergy Limited.

Note to Row 13: The percentage calculation is based on 319,864,024 ordinary shares (excluding treasury shares), comprising of 313,197,356 Class A ordinary shares (excluding treasury shares) and 6,666,668 Class B ordinary shares, of the Issuer outstanding as of December 26, 2025 according to records of the Issuer.

| **CUSIP No.** | **G4453R115** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Summer Day Limited** | Name of reporting person<br>**Summer Day Limited** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**PF** | Source of funds (See Instructions)<br>**PF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**D8** | Citizenship or place of organization<br>**D8** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**0.00** | Aggregate amount beneficially owned by each reporting person<br>**0.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**0.00%** | Percent of class represented by amount in Row (11)<br>**0.00%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

| **CUSIP No.** | **G4453R115** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Yinan Hu** | Name of reporting person<br>**Yinan Hu** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**PF** | Source of funds (See Instructions)<br>**PF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**CHINA** | Citizenship or place of organization<br>**CHINA** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**0.00** | Aggregate amount beneficially owned by each reporting person<br>**0.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**0.00%** | Percent of class represented by amount in Row (11)<br>**0.00%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

| **CUSIP No.** | **G4453R115** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Cheng Jianguo** | Name of reporting person<br>**Cheng Jianguo** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**PF** | Source of funds (See Instructions)<br>**PF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**U7** | Citizenship or place of organization<br>**U7** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**4444445.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**4444445.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**4444445.00** | Aggregate amount beneficially owned by each reporting person<br>**4444445.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**1.39%** | Percent of class represented by amount in Row (11)<br>**1.39%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** Note to Row 7, 9, 11: Includes 4,444,445 Class A ordinary shares, par value $0.09 per share, of Maase Inc. (the "Issuer") held by Sea Synergy Limited. Sea Synergy Limited is owned by Jianguo Cheng and Wei Yang.

Note to Row 13: The percentage calculation is based on 319,864,024 ordinary shares (excluding treasury shares), comprising of 313,197,356 Class A ordinary shares (excluding treasury shares) and 6,666,668 Class B ordinary shares, of the Issuer outstanding as of December 26, 2025 according to records of the Issuer.

| **CUSIP No.** | **G4453R115** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Wei Yang** | Name of reporting person<br>**Wei Yang** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**PF** | Source of funds (See Instructions)<br>**PF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**CHINA** | Citizenship or place of organization<br>**CHINA** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**4444445.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**4444445.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**4444445.00** | Aggregate amount beneficially owned by each reporting person<br>**4444445.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**1.39%** | Percent of class represented by amount in Row (11)<br>**1.39%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** Note to Row 7, 9, 11: Includes 4,444,445 Class A ordinary shares, par value $0.09 per share, of Maase Inc. (the "Issuer") held by Sea Synergy Limited. Sea Synergy Limited is owned by Wei Yang and Jianguo Cheng.

Note to Row 13: The percentage calculation is based on 319,864,024 ordinary shares (excluding treasury shares), comprising of 313,197,356 Class A ordinary shares (excluding treasury shares) and 6,666,668 Class B ordinary shares, of the Issuer outstanding as of December 26, 2025 according to records of the Issuer.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Class A Ordinary Share, par value $0.09 per share

**(b) Name of Issuer:**
Maase Inc.

**(c) Address of Issuer's Principal Executive Offices:**
Building 48, Zhixin Manufacturing Valley, Yangzhou Road, Economic Development Zone, Shandong Province, F4, 266000

This Amendment No. 4 to Schedule 13D (this "Amendment No. 4") amends and supplements the prior statement on Schedule 13D as filed on January 5, 2025 (the "Original 13D"), Amendment No. 1 to Schedule 13D as filed on January 6, 2025, Amendment No. 2 to Schedule 13 as filed on March 18, 2025 and Amendment No. 3 to Schedule 13D as filed on September 23, 2025 (the Original 13D as amended and supplemented, this "Schedule 13D"), and relates to the beneficial ownership of Class A ordinary shares, par value $0.09 per share (the "Class A Ordinary Shares") of Maase Inc., a Cayman Islands exempted company (the "Issuer") whose principal executive office is located at Building 48, Zhixin Manufacturing Valley, Yangzhou Road, Economic Development Zone, Shandong Province, China 266000

**Item 4. Purpose of Transaction**

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 alternatives and such other matters as Jianguo Cheng and Wei Yang may deem relevant to their investment in the Class A Ordinary Shares. Jianguo Cheng and Wei Yang expect that they will, from time to time, review their investment position in the Issuer and may make additional purchases of Class A Ordinary Shares (or other securities convertible or exercisable into Class A Ordinary Shares) in the open market or in privately negotiated transactions, or hold or dispose of all or part of their investments in the Class A Ordinary Shares, depending upon the evaluation of the Issuer's business, prospects, financial condition and strategic direction, other opportunities available to Jianguo Cheng and Wei Yang, general economic conditions, stock market conditions and other factors. Except as set forth in this Item 4 or Item 6 below, Jianguo Cheng and Wei Yang have no present plans or proposals that relate to or that would result in any of the actions specified in clauses (a) through (j) of Item 4 of Schedule 13D of the Act.

**Item 5. Interest in Securities of the Issuer**

**(a)**
The aggregate number of Class A Ordinary Shares beneficially owned by the Reporting Persons is 4,444,445 Class A Ordinary Shares directly held by Sea Synergy which in turn is owned by Jianguo Cheng and Wei Yang. Pursuant to Section 13(d) of the Exchange Act and the rules promulgated thereunder, Jianguo Cheng and Wei Yang will be deemed to beneficially own all of the Class A Ordinary Shares of the Issuer held by Sea Synergy. The aggregate percentage of beneficial ownership of Sea Synergy, Jianguo Cheng and Wei Yang is 1.39% and it represents 0.45% of the voting power of the Issuer. Percentage of beneficial ownership of Sea Synergy, Jianguo Cheng and Wei Yang is based on 319,864,024 ordinary shares (excluding treasury shares), comprising of 313,197,356 Class A Ordinary Shares (excluding treasury shares) and 6,666,668 Class B ordinary shares, par value $0.09 per share (the "Class B Ordinary Shares") of the Issuer, outstanding as of December 26, 2025 according to records of the Issuer. Each Class A Ordinary Share is entitled to one (1) vote while each Class B Ordinary Share is entitled to one hundred (100) votes on any and all matters submitted for a vote.

Yinan Hu, and his wholly-owned subsidiary, Summer Day, has no beneficial ownership of the Class A Ordinary Shares or other interest in the Issuer.

**(b)**
Sea Synergy has sole voting and dispositive power over the Class A Ordinary Shares as reported in this Schedule 13D.

Jianguo Cheng and Wei Yang have shared voting and dispositive power over the Class A Ordinary Shares as reported in this Schedule 13D.

Summer Day and Yinan Hu have no voting or dispositive power over the Class A Ordinary Shares as reported in this Schedule 13D.

**(c)**
During the 60 days preceding the filing of this Schedule 13D, none of the Reporting Persons and, to their knowledge, none of the director and officer of the Reporting Persons has effected any transactions in the ordinary shares of the Issuer except as reported herein.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Sea Synergy Limited

**Signature:** /s/ WEI YANG

**Name/Title:** Wei Yang, Director

**Date:** 01/05/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Summer Day Limited

**Signature:** /s/ Yinan Hu

**Name/Title:** Yinan Hu, Director

**Date:** 01/05/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Yinan Hu

**Signature:** /s/ Yinan Hu

**Name/Title:** Yinan Hu

**Date:** 01/05/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Cheng Jianguo

**Signature:** /s/ Jianguo Cheng

**Name/Title:** Jianguo Cheng

**Date:** 01/05/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Wei Yang

**Signature:** /s/ Wei Yang

**Name/Title:** Wei Yang

**Date:** 01/05/2026