NaaS Technology Inc

NaaS Technology, Inc. operates as an electric vehicle charging service provider. The firm maintains the largest EV charging network in China in terms of the charging volume transacted through its charging network for third-party charging station operators, and the number of public DCFCs (direct current fast charger with 30kW power output or more) connected to its network. The company was founded by Zhen Dai and Yang Wang and is headquartered in Beijing, China.

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NaaS Technology Inc achieves first profit milestone amidst revenue surge

NaaS Technology Inc's Q2 2024 performance reflects strong financial growth, marked by revenue and gross profit increases alongside operational efficiency improvements.
The company's focus on autonomous charging solutions, AI advancements, and strategic partnerships underpin its strengths and growth potential in the market.
While challenges in sustaining profitability and managing operational costs exist, opportunities in market expansion and technological innovation offer avenues for future growth.
Overall, NaaS Technology Inc's financial success in Q2 2024 sets a positive trajectory for continued growth and innovation in the electric vehicle charging sector.

NaaS Technology Inc reports record profits and eyes EV market dominance

NaaS Technology Inc's Q3 performance reflects positive financial growth, operational efficiency, and strategic positioning in the EV charging market.
While challenges in maintaining profitability and managing costs persist, the company's focus on core services and technology offers avenues for sustained success.
Opportunities lie in scaling operations, leveraging partnerships, and advancing technology to drive future growth and profitability for NaaS Technology Inc.

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NaaS Technology, Inc. engages in the provision of electric vehicle charging services. The firm maintains an EV charging network in China through its charging network for third-party charging station operators, and the number of public DCFCs (direct current fast charger with 30kW power output or more) connected to its network. The company was founded by Zhen Dai and Yang Wang on July 16, 2013 and is headquartered in Beijing, China.

BEIJING , June 29, 2023 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the first U.S. listed EV charging service company in China, today announced that it entered into a convertible note purchase agreement with LMR Partners Limited (the "Investor" or "LMR"), a global multi-strategy investment fund, pursuant to which the Investor will purchase from the Company a convertible note with a principal amount of US$30 million, convertible into American depositary shares ("ADSs") representing the Company's ordinary shares. Concurrently, the Company and the Investor entered into a derivative arrangement with respect to the ADSs.

NaaS Technology Inc. Announces US$30 Million Private Placement of Convertible Note

New York, June 28, 2023 (GLOBE NEWSWIRE) -- NaaS Technology Inc. (NASDAQ: NAAS) , the first U.S. listed EV charging service company in China, disclosed Environmental, Social and Governance (ESG) performance for 2022. The Company reduced carbon emissions by 1,847,700 tons, an increase of 106.22% compared with 896,000 tons in 2021.

NaaS 2022 ESG report highlights 1.8 million tons carbon emission reduction, a YoY increase of 106%

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BEIJING , June 27, 2023 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the first U.S. listed EV charging service company in China, announces that it has released the "Environmental, Social and Governance (ESG) Report 2022" (hereinafter referred to as the "Report"), which disclosed the Company's ESG performance for 2022. This report covers the data and achievements of the Company in four areas: green and low-carbon operation, technological innovation, protection of employees' rights and interests, and commitment to community welfare.

NaaS Technology Inc. Releases its 2022 ESG Report

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BEIJING , June 20, 2023 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the first U.S. listed EV charging service company in China, announces that it has amended and restated its previously adopted New 2022 Share Incentive Plan to expand the number of Class A ordinary shares available for grant of awards. This amendment was approved by the board of directors of the Company and takes effect on June 19, 2023.

NaaS Technology Inc. Announces Amendment to Share Incentive Plan

BEIJING, CHINA, June 16, 2023 (GLOBE NEWSWIRE) -- NaaS (NASDAQ:NAAS) announced its unaudited financial results for the first quarter of 2023 on June 16 (UTC+8). The company achieved a remarkable milestone with revenue reaching RMB 36.2 million (or USD 5.3 million), demonstrating an impressive year-on-year growth of 150%. The non-GAAP loss was successfully curtailed to RMB 102 million (or USD 14.9 million), reflecting a narrowing of loss margin by 60ppts. As estimated by NaaS, its revenue guidance in the fiscal year 2023 to be between RMB 500 million (USD 73 million) and RMB 600 million (USD 87 million), growing 5 times to 6 times from 2022.

NaaS Delivers Remarkable Q1 2023 Financial Results with 150% YoY Growth in revenue

BEIJING , June 16, 2023 /PRNewswire/ -- NaaS Technology Inc. ("NaaS" or the "Company") (Nasdaq: NAAS), the first U.S. listed EV charging service company in China, today announced its unaudited financial results for the first quarter ended March 31, 2023. First Quarter 2023 Operational Highlights: Charging volume transacted through NaaS' network reached 1,023 GWh in the first quarter of 2023, representing an increase of 112% year over year.

NaaS Technology Inc. Reports Unaudited 2023 First Quarter Financial Results

Beijing, China, June 15, 2023 (GLOBE NEWSWIRE) -- NaaS (NASDAQ: NAAS), the first listed EV charging service company in China, demonstrated its innovations at the Power2Drive Europe exhibition. The event was held as a part of The smarter E Europe, the largest platform of Europe's energy industry, at the Messe München in Munich, Germany between June 14 and 16, 2023.

NaaS Spotlights its EV Innovations at the Power2Drive Europe Exhibition

BEIJING , June 14, 2023 /PRNewswire/ -- NaaS Technology Inc. ("NaaS" or the "Company") (Nasdaq: NAAS), the largest third-party charging network in China, today announced that it will report its unaudited financial results for the first quarter ended March 31, 2023 before the U.S. market opens on Friday, June 16, 2023. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern time on June 16, 2023 (8:00 PM Beijing/Hong Kong time on the same day).

NaaS Technology Inc. to Report First Quarter 2023 Unaudited Financial Results on June 16, 2023 Eastern Time

Beijing, China, June 13, 2023 (GLOBE NEWSWIRE) -- NaaS Technology Inc. (NASDAQ: NAAS) ("NaaS" or the "Company"), the first listed EV charging service company in China, announced that Dada Auto, a wholly owned subsidiary of the Company, has entered into a definitive agreement to acquire 89.99% of the issued and outstanding shares of Sinopower Holdings International Co. Limited ("Sinopower") from an existing shareholder of Sinopower, for an aggregate purchase price of approximately US$6.1 million in cash. The share purchase is subject to customary closing conditions and is expected to close in June 2023.

NaaS Acquires over 89% Stake in Sinopower HK

BEIJING , June 12, 2023 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the largest third-party charging network in China, today announced that Dada Auto, a wholly owned subsidiary of the Company, has entered into a definitive agreement to acquire 89.999% of the issued and outstanding shares of Sinopower Holdings International Co. Limited ("Sinopower") from an existing shareholder of Sinopower, for an aggregate purchase price of approximately US$6.1 million in cash. Sinopower is one of the largest rooftop solar energy developers in Hong Kong, providing one-stop energy management solutions for residential and commercial buildings.

NaaS Technology Inc. to Acquire Majority Stake in Sinopower Holdings International

BEIJING , June 9, 2023 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the largest third-party charging network in China, today announced that Mr. Zhongjue Chen has resigned as a director of the Company for personal reasons, effective June 10, 2023.

NaaS Technology Inc. Announces Director Change

BEIJING , June 5, 2023 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company") today announced that Newlinks Technology Limited ("Newlinks"), the controlling shareholder who holds about 73.82% issued and outstanding shares of the Company, has agreed not to sell or transfer any ADSs, ordinary shares or similar securities (the "Restricted Securities") for a period of 180-day lock-up period beginning on June 5, 2023, subject to certain customary exceptions, as a demonstration of confidence in the long term value of the Company. The foregoing restrictions shall not apply to transactions by Newlinks whereby the unit price of the Restricted Securities involved equals or is equivalent to US$15.00 per ADS or above, representing a market value of about US$3.3 billion or above.

NaaS Technology Inc. Announces Signing of Lock-Up Agreement with Certain Shareholders

Beijing, China, June 01, 2023 (GLOBE NEWSWIRE) -- On May 31, NaaS (NASDAQ: NAAS), one of the fastest-growing electric vehicle charging service providers in China announced to have completed the SPO transaction of 3.5 million American Depository Shares (ADS). The transaction involved notable investors such as Dr. Adrian Cheng and CST Group (0985.HK), a well-established HK-listed company.

NaaS Completed SPO, from Investors Including Dr. Adrian Cheng and CST Group

BEIJING , May 31, 2023 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the largest third-party charging network in China, today announced that it completed US$21 million of registered direct offering to certain investors, including Dr. Adrian Cheng and CST Group Limited, on May 30, 2023. The Company and the investors entered into share subscription agreements on May 29, 2023 purusant to which the investors subscribed for and purchased from the Company a total of 3,500,000 American depositary shares, each representing ten Class A ordinary shares of the Company.

NaaS Technology Inc. Announces US$21 Million of Registered Direct Offering to Certain Investors

BEIJING, April 21, 2023 (GLOBE NEWSWIRE) -- NaaS Technology Inc. (“NaaS” or the “Company”) (NASDAQ: NAAS), one of the largest and fastest growing electric vehicle charging service providers in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2022.

NaaS Technology Inc. Reports Unaudited 2022 Fourth Quarter and Full Year Financial Results

BEIJING, April 21, 2023 (GLOBE NEWSWIRE) -- NaaS Technology Inc. (“NaaS” or the “Company”) (Nasdaq: NAAS), one of the largest and fastest growing electric vehicle charging service providers in China, today reported further adjustments to its unaudited financial results for the quarter and six months ended June 30, 2022 originally reported on August 22, 2022 and adjusted on March 27, 2023. The Company is making additional adjustment to its adjusted unaudited financial results for the quarter and six months ended June 30, 2022 reported on March 27, 2023, to:

NaaS Technology Inc. Reports Adjusted Unaudited 2022 Second Quarter and Interim Financial Results

BEIJING , April 21, 2023 /PRNewswire/ -- NaaS Technology Inc. ("NaaS" or the "Company") (Nasdaq: NAAS), one of the largest and fastest growing electric vehicle charging service providers in China, today announced that it will report its unaudited financial results for the fourth quarter and full year ended December 31, 2022 after the U.S. market closes on Friday, April 21, 2023. The Company's management will host an earnings conference call at 9:00 PM U.S. Eastern time on April 21, 2023 (9:00 AM Beijing/Hong Kong time on April 22, 2023).

NaaS Technology Inc. to Report Fourth Quarter and Full Year 2022 Unaudited Financial Results on April 21, 2023 Eastern Time

BEIJING , April 19, 2023 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) (the "Company"), one of the largest and fastest growing electric vehicle charging service providers in China, is pleased to announce that at its 2023 annual general meeting of shareholders held in Beijing today, shareholders of the Company approved each of the three proposed resolutions set out in the notice of annual general meeting (the "Meeting Notice"), namely, an ordinary resolution to increase the Company's authorized share capital, a special resolution to amend the Company's memorandum and articles of association to reflect such increase in the share capital, and an ordinary resolution to authorize the Company's directors, officers and agents to carry out the foregoing. The Meeting Notice had been furnished on March 23, 2023 to the Securities and Exchange Commission under cover of a Form 6-K and timely disseminated to shareholders and  holders of the Company's American depositary shares prior to the meeting.

NaaS Technology Inc. Announces Results of 2023 Annual General Meeting

New York, April 14, 2023 (GLOBE NEWSWIRE) -- Productronica China 2023 officially kicked off from April 13 to 15. For the booming EV industry, it launched a new exhibiting category - EV and Auto Tech, showcasing the latest EV technologies and service solutions. NaaS (NASDAQ: NAAS), a leading new energy service provider in China, presented several innovative products and one-stop charging service solutions.

Hot Debut of NaaS Smart Charging Robot at Productronica China 2023

In June 2022, China's NaaS Technology, Inc. (NASDAQ: NAAS) had an eventful public market debut trading between $6.65 and $10.95 before closing at $8.46. In the nine months that followed, the electric vehicle (EV) charging stock was zapped of energy.

'Lil' NaaS Technology: The Low-Priced Nasdaq Newbie on a Big Run

Beijing, China, March 29, 2023 (GLOBE NEWSWIRE) -- NaaS Technology Inc. (NASDAQ: NAAS, "NaaS", the "Company"),a subsidiaryof NewLink, one of the largest and fastest-growing electric vehicle charging service providers in China, and Smart Order, a leading hotel information integration solution service provider in China, jointly announced the establishment of a joint venture, “Smart Charging”, to create a network of destination-sharing charging services for electric vehicles. Under this new collaboration, NaaS and Smart Order will leverage their respective advantages in charging station infrastructure, operational expertise, product technology, lodging networks, services, and more to upgrade the integrated charging services for commercial lodges. The joint venture was announced at the “Long Time No See” 2023 Smart Order Lodging Ecosystem Conference held on March 21.

NaaS and Smart Order Launch Vehicle Charging Platform in “Smart Charging” Joint Venture

BEIJING , March 29, 2023 /PRNewswire/ -- NaaS Technology Inc. ("NaaS" or the "Company") (Nasdaq: NAAS), one of the largest and fastest growing electric vehicle charging service providers in China, recently announced the launch of its first self-developed automatic charging robot with features including active vehicle locating, smart charging, and automatic payment settlement to meet the rising demand for mobile charging of electric vehicles ("EV"). With the future popularization of self-driving vehicles, compatible automatic charging robots will become indispensable infrastructure.

NaaS Unveils First Automatic Charging Robot

BEIJING , March 28, 2023 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) (the "Company"), one of the largest and fastest-growing electric vehicle charging service providers in China, today announced that the Company's President and Chief Financial Officer, Alex Wu, will present at the following conference: 'Electric Vehicle & Auto Tech Virtual Conference' by the Maxim Group on March 30, 2023, at 09:30 a.m. Eastern Time (09:30 p.m.

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