NaaS Technology, Inc. (NASDAQ:NAAS) Q4 2023 Earnings Conference Call March 28, 2024 7:00 AM ET Company Participants John Wang - Director, IR Cathy Wang Yang - CEO Wu Ye - Chief Strategy Officer Alex Wu - CFO Conference Call Participants Kelly Zou - Jefferies Wei Xiong - UBS Eugene Hsiao - Macquarie Capital Yiran Liu - HSBC Ethan Zhang - Nomura Operator Ladies and gentlemen, thank you for standing by. Welcome to NaaS Fourth Quarter and Full Year 2023 Earnings Conference Call. At this time, all participants a ...

Core Viewpoint - NaaS Technology Inc. will report its unaudited financial results for Q4 and the full year of 2023 on March 28, 2024, after U.S. market closes [1] Group 1: Financial Reporting - The earnings conference call is scheduled for 8:00 PM U.S. Eastern time on March 28, 2024, which corresponds to 8:00 AM Beijing/Hong Kong time on March 29, 2024 [1] - Participants must register online at least 15 minutes before the call to receive access information [1] Group 2: 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]

BEIJING, March 22, 2024 /PRNewswire/ -- Recently, NaaS Technology(NASDAQ: NAAS), the first US-listed EV charging service company in China, announced cooperation with China Southern Power Grid (Hainan) EV Service Co., Ltd. (later referred to as CSG Hainan EV). The two parties will join hands in the connectivity of charging infrastructure and payment service, etc., thus empowering local EV owners in Hainan Province, through the construction of more accessible charging network and more efficient use of chargin ...

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 ...