Core Viewpoint - NaaS Technology Inc. has successfully closed a registered direct offering of American Depositary Shares (ADS) and warrants, raising approximately US$6 million to support its expansion and operational activities in the EV charging sector [1][2]. Group 1: Offering Details - The offering consisted of 4,761,905 ADSs and warrants at a combined purchase price of US$1.26 per ADS and warrant [1]. - The warrants have an exercise price of US$1.49, are exercisable six months after issuance, and will expire five years from the initial exercise date [1]. - The offering was made under an effective shelf registration statement previously filed with the U.S. Securities and Exchange Commission (SEC) [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to the expansion of the EV charging network, research and development activities, and general corporate purposes [2]. Group 3: Company Overview - NaaS Technology Inc. is the first U.S. listed EV charging service company in China and is a subsidiary of NewLink Technology Limited [3]. - The company provides comprehensive solutions for energy asset owners, including charging services and energy solutions, supporting the entire lifecycle of energy assets [3]. - As of September 30, 2023, NaaS had connected 767,611 chargers across 73,710 charging stations, holding 41.6% and 50.0% of China's public charging market share, respectively [3].

Core Viewpoint - NaaS Technology Inc. has announced a definitive agreement for a registered direct offering of American Depositary Shares (ADS) and warrants, aiming to raise approximately US$6 million before expenses [1][2]. Company Overview - NaaS Technology Inc. is the first U.S. listed EV charging service company in China and operates as a subsidiary of NewLink Technology Limited, a leading energy digitalization group in China [3]. - The company provides comprehensive solutions for energy asset owners, including charging services and energy solutions, supporting the entire lifecycle of energy assets [3]. - As of September 30, 2023, NaaS had connected 767,611 chargers across 73,710 charging stations, capturing 41.6% of China's public charging market share for chargers and 50.0% for charging stations [3]. Offering Details - The offering includes 4,761,905 ADSs and warrants to purchase an equal number of ADSs at a combined price of US$1.26 per ADS and warrant [1]. - The warrants will have an exercise price of US$1.49, becoming exercisable six months after issuance and expiring five years from the initial exercise date [1]. - The closing of the offering is expected around March 15, 2024, pending customary closing conditions [1]. Regulatory Information - The offering is made under an effective shelf registration statement previously filed with the U.S. Securities and Exchange Commission (SEC) [2]. - A prospectus supplement detailing the terms of the offering will be filed with the SEC and made available on their website [2].

The collaboration integrates NaaS' capabilities of energy assets addressing and data analytic with CCTEB's construction practices to charging station EPC, PV, battery storage upgrades and energy port upgrades, etc. More convenient charging services and efficient energy assets operation are expected, leveraging NaaS' data analysis competence and broadening its connective charging ecosystem.   BEIJING, March 12, 2024 /PRNewswire/ -- On March 11, NaaS Technology (NASDAQ: NAAS), the first US listed EV chargin ...

Achieved a positive NTR of 0.75% in February 2024, records fifth consecutive month of Net Take Rate growth. Showcased exceptional business expansion with an 80% increase in charging volume in 2023. BEIJING, March 8, 2024 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the first U.S. listed EV charging service company in China, today announced that the net take rate (NTR)[1]  for its interconnectivity services (as part of its charging services)  reached 0.75% in February 2024 ...

NaaS leverages its capabilities in digital technologies and AI innovations to form a global 'charging ecosystem' applied to going-global EVs. A holistic offering of charging services will be integrated to China's EVs, enhancing their charging station accessibility and overall charging experience.  TIANJIN, China, March 7, 2024 /PRNewswire/ -- NaaS Technology (NASDAQ: NAAS) ("NaaS" or the "Company"), the first US-listed EV charging service company in China, today announced their strategic partnership with ...

BEIJING, March 5, 2024 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the first U.S. listed EV charging service company in China, today announced that management will participate in the following upcoming investor conferences in March: 36th Annual ROTH ConferenceMarch 17-19, 2024Dana Point, California Jefferies Asia Forum 2024March 21, 2024Hong Kong For more information or to schedule a one-on-one meeting with NaaS management, please contact your event representative or Naa ...

BEIJING, March 1, 2024 /PRNewswire/ -- On February 26, the Sixth Session of the United Nations Environment Assembly (UNEA-6) kicked off at Nairobi, the Capital of Kenya. Environment ministers and heads of relevant authorities from more than 180 countries worldwide attended the conference. As the only Chinese enterprise invited and presented at the UN Science-Policy-Business Forum (UNSPBF), NaaS Technology (NASDAQ: NAAS) shared its green promises and digitalized practices on the scene, providing new proposal ...

Core Insights - NaaS Technology has partnered with Geely Auto to enhance the EV charging service network in China, focusing on connectivity, data sharing, and payment services [1][2][3] - The collaboration aims to improve the charging experience for Geely EV owners through features like "one-click pile searching" and "one-click payment" [2][3] - Geely Auto has reported significant growth in EV sales, with a 591% year-on-year increase in January 2024, indicating strong market demand [3] Company Developments - NaaS Technology, as a new energy asset operator, offers a comprehensive service package that includes consultation, operation, maintenance, and digital solutions for charging stations [4] - As of September 30, 2023, NaaS has connected over 767,000 chargers across 73,000 charging stations, with a 66% year-on-year increase in charging volume to 1.383 billion kWh [4] Industry Trends - The Chinese government emphasizes the need for intelligent transformation of electrical grid infrastructure and the establishment of a robust charging network to support the rapid growth of EVs [4] - Geely Auto is actively pursuing new energy and intelligent transformation across various technological paths, solidifying its position in the EV market [3]

Core Insights - NaaS Technology and Chancheng City Construction Group signed a strategic cooperation agreement to establish a joint venture with a planned investment of RMB 1 billion, focusing on new energy infrastructure investment management [1][2][3] Group 1: Joint Venture Details - The joint venture will operate in Chancheng District, Foshan City, and will engage in new energy infrastructure investment management, including charging stations, PV projects, and energy storage projects [2][3] - The agreement aims to leverage the strengths of both companies in industry, technology, and customer resources to develop new models in the new energy sector [3] Group 2: Industry Context - The collaboration comes amid increased government support for the electric vehicle industry, highlighting the importance of charging infrastructure [4] - The partnership aims to enhance the charging network, improve the travel experience for EV users, and contribute to the sustainable development of the EV industry in Foshan City and the Guangdong-Hong Kong-Macao Greater Bay Area [4]

BEIJING, Feb. 22, 2024 /PRNewswire/ -- Global Environmental Information Research Center CDP (formerly known as Carbon Disclosure Project), also a leading global carbon emissions rating agency, has recently announced its latest CDP Score Report. NaaS Technology (NASDAQ: NAAS), participating for the first time in the assessment, achieved a "B" rating for Climate Change, surpassing the global average rating of "C". Established in the UK in 2000, CDP is widely recognized as a gold standard for corporate environ ...