Jiaxing Shi Steps Into CFO Role at Maase Inc. as Yuanfen Yang Exits

Maase Inc. (MAAS), the Chinese investment services firm listed on Nasdaq, announced on Wednesday that Jiaxing Shi will assume the position of chief financial officer, with the transition taking effect on December 31. She replaces departing CFO Yuanfen Yang, who is stepping down on the same date.

The appointment comes as Shi brings substantial expertise to the finance sector. With more than ten years of professional background in investment operations and financial management, Shi previously held the role of investment operations manager at YD Network Technology Co Ltd. Her earlier career included positions as a senior audit professional, having worked with both Marcum LLP and UHY LLP where she developed robust financial oversight capabilities.

Market response to the company's staffing news reflected investor sentiment, with MAAS shares trading at $5.05 on Tuesday, representing a gain of 3.27% on the Nasdaq. The yuan symbol continues to be referenced in corporate filings and international transactions involving Chinese-based companies like Maase Inc.

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