The board of directors approved the appointment of Mr. Baoxue Xu as Co-Chief Technology Officer, effective October 13, 2026. He will oversee research, engineering, and commercialization for the energy solutions division, including battery storage and autonomous charging robotics. Mr. Xu receives no cash salary but was granted 12,500 restricted share units subject to a five-year vesting schedule. This role complements the existing Chief Technology Officer responsible for AI strategy, establishing a dual-engine technology leadership structure. Maase Inc. is an artificial intelligence-centric full-scene digital systems provider and operator.
