MAAS has agreed to sell its entire indirect 49% equity interest in Qingdao Huiju Laixi Intelligent Technology Co., Ltd. to an independent third party for US$17 million. The total cash consideration is payable in installments, and upon completion, MAAS will no longer hold any equity interest in the entity. Laixi Intelligent is principally engaged in the unmanned car wash business. The divestiture is intended to optimize MAAS's business portfolio and sharpen its strategic focus.

Following the transaction, MAAS plans to allocate greater management attention and capital resources toward key areas including AI infrastructure, distributed intelligent computing, large language models and algorithms, intelligent hardware, and industrial AI applications. This strategic shift aims to improve capital allocation efficiency and support long-term shareholder value.

Min Zhou, Chief Executive Officer of MAAS, stated that the transaction marks an important step in sharpening the company's strategic focus. By divesting non-core assets, MAAS expects to enhance financial flexibility and direct more resources toward AI technology development and infrastructure deployment. The company intends to advance the integration of computing power, large language models, algorithms, intelligent hardware, and scenario-based services.

Transaction Details

The transaction is subject to the satisfaction of closing conditions. MAAS is an integrated provider and operator of AI-centric full-scene digital systems, focusing on flexible energy deployment and intelligent commercial network operation.