<SEC-DOCUMENT>0001213900-26-005128.txt : 20260116
<SEC-HEADER>0001213900-26-005128.hdr.sgml : 20260116
<ACCEPTANCE-DATETIME>20260116160102
ACCESSION NUMBER:		0001213900-26-005128
CONFORMED SUBMISSION TYPE:	SCHEDULE 13D/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20260116
DATE AS OF CHANGE:		20260116

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:		26539355

	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:			Arts Wing Ltd
		CENTRAL INDEX KEY:			0002095783
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			K3
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A

	BUSINESS ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		1202, TOWER A, NEW MANDARIN PLAZA
		STREET 2:		14 SCIENCE MUSEUM ROAD, TSIMSHATSUI EAST
		CITY:			HONG KONG
		PROVINCE COUNTRY:   	K3
		ZIP:			00000
		BUSINESS PHONE:		0085263121973

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		1202, TOWER A, NEW MANDARIN PLAZA
		STREET 2:		14 SCIENCE MUSEUM ROAD, TSIMSHATSUI EAST
		CITY:			HONG KONG
		PROVINCE COUNTRY:   	K3
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13D" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>SCHEDULE 13D/A</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: Arts Wing Ltd -->
          <cik>0002095783</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>


    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>1</amendmentNo>
      <securitiesClassTitle>Class A Ordinary Share, par value $0.09 per share</securitiesClassTitle>
      <dateOfEvent>01/14/2026</dateOfEvent>
      <previouslyFiledFlag>false</previouslyFiledFlag>
      <issuerInfo>
        <issuerCIK>0001750264</issuerCIK>
        <issuerCUSIP>G4453R115</issuerCUSIP>
        <issuerName>Maase Inc.</issuerName>
        <address>
          <com:street1>Building 48, Zhixin Manufacturing Valley</com:street1>
          <com:street2>No. 52 Yangzhou Rd, Economic Dev., Zone</com:street2>
          <com:city>Laixi, Qingdao, Shandong</com:city>
          <com:stateOrCountry>F4</com:stateOrCountry>
          <com:zipCode>266000</com:zipCode>
        </address>
      </issuerInfo>
      <authorizedPersons>
        <notificationInfo>
          <personName>Arts Wing Limited</personName>
          <personPhoneNum>852-63121973</personPhoneNum>
          <personAddress>
            <com:street1>c/o Robert Liu 1202, Tower A,</com:street1>
            <com:street2>14 Science Museum Road</com:street2>
            <com:city>Tsimshatsui East, Kowloon</com:city>
            <com:stateOrCountry>K3</com:stateOrCountry>
            <com:zipCode>999077</com:zipCode>
          </personAddress>
        </notificationInfo>
      </authorizedPersons>
    </coverPageHeader>
    <reportingPersons>
      <reportingPersonInfo>
        <reportingPersonCIK>0002095783</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>Arts Wing Limited</reportingPersonName>
        <fundType>PF</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>K3</citizenshipOrOrganization>
        <soleVotingPower>92122044.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>92122044.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
        <aggregateAmountOwned>92122044.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>25.97</percentOfClass>
        <typeOfReportingPerson>CO</typeOfReportingPerson>
        <commentContent>Note to Row 7, 9, 11: Includes 92,122,044 Class A ordinary shares, par value $0.09 per share, of Maase Inc. (the "Issuer") held by Arts Wing Limited. Note to Row 13: The percentage calculation is based on 354,775,434 ordinary shares  (excluding treasury shares), comprising of 348,108,766 Class A ordinary shares (excluding treasury shares) and 6,666,668 Class B ordinary shares, of the Issuer outstanding as of January 14, 2026 according to records of the Issuer.</commentContent>
      </reportingPersonInfo>
      <reportingPersonInfo>
        <reportingPersonNoCIK>Y</reportingPersonNoCIK>
        <reportingPersonName>Robert Liu</reportingPersonName>
        <fundType>PF</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>S0</citizenshipOrOrganization>
        <soleVotingPower>92122044.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>92122044.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
        <aggregateAmountOwned>92122044.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>25.97</percentOfClass>
        <typeOfReportingPerson>IN</typeOfReportingPerson>
        <commentContent>Note to Row 7, 9, 11: Includes 92,122,044 Class A ordinary shares, par value $0.09 per share, of the Issuer held by Arts Wing Limited. Arts Wing Limited is wholly owned by Robert Liu.

Note to Row 13: The percentage calculation is based on 354,775,434 ordinary shares  (excluding treasury shares), comprising of 348,108,766 Class A ordinary shares (excluding treasury shares) and 6,666,668 Class B ordinary shares, of the Issuer outstanding as of January 14, 2026 according to records of the Issuer.</commentContent>
      </reportingPersonInfo>
    </reportingPersons>
    <items1To7>
      <item1>
        <securityTitle>Class A Ordinary Share, par value $0.09 per share</securityTitle>
        <issuerName>Maase Inc.</issuerName>
        <issuerPrincipalAddress>
          <com:street1>Building 48, Zhixin Manufacturing Valley</com:street1>
          <com:street2>No. 52 Yangzhou Rd, Economic Dev., Zone</com:street2>
          <com:city>Laixi, Qingdao, Shandong</com:city>
          <com:stateOrCountry>F4</com:stateOrCountry>
          <com:zipCode>266000</com:zipCode>
        </issuerPrincipalAddress>
        <commentText>This Amendment No. 1 to Schedule 13D (this "Amendment No. 1") amends and supplements the prior statement on Schedule 13D as filed on October 30, 2025 (the "Original 13D," 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 Industrial Park, No. 52 Yangzhou Road, Economic Development Zone, Laixi, Qingdao, Shandong, F4, 266000.</commentText>
      </item1>
      <item5>
        <percentageOfClassSecurities>Item 5 of this Schedule 13D is hereby amended and supplemented to add the following:

The aggregate number of ordinary shares beneficially owned by the Reporting Persons is 92,122,044 Class A Ordinary Shares directly held by Arts Wing Limited which is 100% owed by Robert Liu. Pursuant to Section 13(d) of the Exchange Act and the rules promulgated thereunder, Mr. Liu may be deemed to beneficially own all of the ordinary shares of the Issuer held by Arts Wing Limited. The Reporting Persons' aggregate percentage of beneficial ownership is 25.97%, representing 9.08% of the voting power of the Issuer. Percentage of beneficial ownership of Reporting Persons is based on 354,775,434 ordinary shares (excluding treasury shares), comprising of 348,108,766 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 January 14, 2026 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. There is no change in the number of Class A Ordinary Shares held by the Reporting Persons. The decrease in the Reporting Persons' percentage of beneficial ownership reflects the Issuer's issuance of additional Class A Ordinary Shares in connection with a separate transaction on January 14, 2026 to which neither of the Reporting Persons was a party.</percentageOfClassSecurities>
        <numberOfShares>Each of the Reporting Persons has sole voting and dispositive power over the ordinary shares of reported in this Schedule 13D.</numberOfShares>
        <transactionDesc>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.</transactionDesc>
        <listOfShareholders>To the best knowledge of the Reporting Persons, except for the agreement described in this Schedule 13D, no one other than the Reporting Persons, or the holders of interests in the Reporting Persons, has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the ordinary shares of the Issuer that they beneficially own.</listOfShareholders>
        <date5PercentOwnership>Not applicable.</date5PercentOwnership>
      </item5>
    </items1To7>
    <signatureInfo>
      <signaturePerson>
        <signatureReportingPerson>Arts Wing Limited</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Robert Liu</signature>
          <title>Robert Liu/Director</title>
          <date>01/16/2026</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>Robert Liu</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Robert Liu</signature>
          <title>Robert Liu</title>
          <date>01/16/2026</date>
        </signatureDetails>
      </signaturePerson>
    </signatureInfo>
  </formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
