Maase Inc. has completed its acquisition of Oriental Grove Ltd, a British Virgin Islands-based company specializing in premium tea products with an inventory of approximately 2,000 metric tons of high-grade tea. The transaction was valued at around US$62.4 million, comprising 34,911,410 Class A ordinary shares of Maase Inc. at US$1.5 per share and a US$10 million cash payment due within 365 days of closing. Following the acquisition, Oriental Grove Ltd is now a wholly-owned subsidiary of Maase Inc. The sellers collectively hold about 9.8% of Maase Inc.'s total outstanding shares, representing approximately 3.4% of total voting power, and are subject to a 60-month lock-up period. The update was disclosed by Maase Inc.

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