08:58 AM EDT, 07/11/2025 (MT Newswires) -- Maase ( MAAS ) said Friday it has signed a non-binding framework agreement with certain shareholders to acquire 100% equity of Qingdao Youdian New Energy Technology, and 49% equity of Qingdao Huijulaixi Intelligent Technology.

The transaction, expected to close in Q3, will allow Maase ( MAAS ) to expand into the new energy technology and intelligent service sectors, the company said, adding there is no assurance that the acquisition would be completed.

Youdian focuses on electric vehicle services and residential energy solutions, while LaiXi specializes in developing intelligent unmanned car wash equipment and mobile in-car charging technology, Maase ( MAAS ) said.

Shares of Maase ( MAAS ) were down more than 1% in recent premarket activity Friday.