Core Insights - NaaS was awarded "Best Listed Company at ESG Information Disclosure" at the 13th Hong Kong International Financial Forum, highlighting its commitment to integrating ESG into its corporate philosophy and operations [1][2] - The company has significantly contributed to carbon emission reductions, achieving a reduction of 1.463 million tons in the first half of 2023 and engaging over 463,000 EV users by the end of 2022 [3][3] - NaaS has joined international initiatives such as the Science Based Targets initiative (SBTi) and the United Nations Global Compact (UNGC), reinforcing its commitment to sustainable development [4][4] Company Initiatives - NaaS provides comprehensive services across the new energy sector, including consultation, engineering, operation, maintenance, and innovative charging solutions, promoting green and low-carbon operations [3][3] - The company has published the 2023 Whitepaper on China's Carbon Inclusion Development, collaborating with ten organizations to analyze user behavior and emissions reduction projects [5][5] - NaaS aims to achieve carbon neutrality in its operations by 2028 and plans to continue enhancing its technology and ESG governance [6][6]

Group 1 - NaaS Technology Inc. has amended its 2022 Share Incentive Plan to increase the number of Class A ordinary shares available for awards from 413,921,180 to 490,563,333 [1] - The amendment was approved by the board of directors and took effect on December 20, 2023 [1] - The number of shares available for grant will increase annually by 1% of the total shares issued and outstanding as of the last day of the preceding fiscal year, unless otherwise determined by the board [1] Group 2 - NaaS Technology Inc. is the first U.S. listed EV charging service company in China and is a subsidiary of Newlinks Technology Limited [2] - The company provides comprehensive EV charging solutions, including online and offline charging, and has connected 767,611 chargers across 73,710 charging stations [2] - NaaS holds a 41.6% market share in China's public charging market for chargers and a 50.0% market share for charging stations as of September 30, 2023 [2]

Summary of the Conference Call Company and Industry Overview - The conference call was held by Energy Chicken Store, the largest third-party charging network in China, focusing on the electric vehicle (EV) charging industry [1][2][3]. Key Points and Arguments Market Opportunities - The transition to electric vehicles presents significant opportunities due to the digitalization of the charging process, which allows for better data analysis and operational efficiency [1][2]. - The charging station market is characterized by high price volatility, creating investment opportunities [1][2]. - The low capital requirement for building charging stations allows for a decentralized market, necessitating a data integrator to connect B2B and B2C segments [1][2]. Business Model - The company operates on a multi-layered business model, including hardware, operational services, SaaS systems, and an app that connects users to charging stations [1][2]. - The app has a significant market presence, covering 42% to 50% of the Chinese market with 470,000 charging guns and over 73,000 charging stations [1][2]. - The company reported a 5.4 times year-over-year revenue growth in Q3, driven by energy solutions and operational services [1][2]. Financial Performance - The gross profit margin has shown a significant increase, with expectations to maintain a high level of profitability due to economies of scale and effective cost control [1][2]. - The company aims to achieve 100% renewable energy procurement in the future, currently at 90% [1][2]. Strategic Partnerships - Collaborations with major EV manufacturers like BYD and Xiaomi enhance the app's integration into new vehicles, increasing user engagement [1][2]. - The company has secured a strategic contract worth 10 billion with China Construction Bank to support project financing [1][2]. Future Growth and Expansion - The company is expanding its services to overseas markets, including Hong Kong, where it has already secured a significant market share [1][2]. - Plans to introduce charging robots in areas lacking charging infrastructure are underway, addressing global challenges in EV charging [1][2]. ESG and Sustainability - The company has received high ESG ratings, reflecting its commitment to promoting green energy solutions [1][2]. - The operational model aligns with global trends towards sustainable energy, with a focus on reducing carbon footprints [1][2]. Additional Important Information - The company is positioned to benefit from the expected growth in EV adoption, with projections indicating a 25-fold increase in public charging volume in China from 2022 to 2030 [1][2]. - The operational model includes a full-cycle service for charging station management, from site selection to maintenance [1][2]. - The company emphasizes the importance of data analytics in optimizing charging station operations and pricing strategies [1][2]. This summary encapsulates the key insights from the conference call, highlighting the company's strategic positioning within the rapidly evolving EV charging industry.

Financial Data and Key Metrics Changes - Total revenues increased by 536% year-over-year, reaching RMB 171 million in Q3 2023 [5] - Non-IFRS net margin attributable to ordinary shareholders narrowed by 256 percentage points compared to the same quarter last year [5] - Gross margin improved to 27% from 6% year-over-year, with gross profit increasing 28-fold year-over-year [11] - Net loss attributable to ordinary shareholders was RMB 366.9 million, compared to a loss of RMB 109.1 million for the same period in 2022 [13] - Non-IFRS net loss was RMB 175.7 million for Q3, compared to RMB 96.5 million for the same period in 2022 [13] Business Line Data and Key Metrics Changes - Revenue from Energy Solutions increased by 6x quarter-over-quarter, accounting for 81% of total revenue in Q3 [11] - The proportion of offline and innovation service revenue exceeded 50%, reaching 53.4% in Q3 [6] - Total charging volume increased by 66% year-over-year, reaching 1,383 gigawatt hours [14] Market Data and Key Metrics Changes - NaaS's international business contributed 32.7% of total revenues in Q3, up from 22% in Q2 [7][16] - The company holds approximately 50% market share in China's EV charging network with 73,000 charging stations [30] Company Strategy and Development Direction - NaaS is transitioning from a new energy service company to a leading integrated new energy asset operation and management service provider [9] - The company aims to achieve full-year 2023 revenue guidance of RMB 500 million to RMB 600 million, and expects 2024 revenue to be between RMB 2 billion to RMB 3 billion [6][18] - NaaS is focusing on expanding its charging services and energy solutions while leveraging strategic acquisitions to enhance its global footprint [18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the 2024 revenue guidance, citing strong growth drivers in both domestic and international markets [29][34] - The partnership with China Construction Bank is expected to provide significant financial support, enhancing the company's growth potential [48][50] Other Important Information - NaaS received the highest ESG entity score in China and joined the United Nations Global Compact organization [7] - The company has launched 43 integrated charging stations with energy storage by the end of Q3, covering major cities [15] Q&A Session Summary Question: Growth drivers for Energy Solutions business in China and overseas - Energy Solutions contributed RMB 139 million in Q3, with a year-over-year growth of 500% driven by EPC projects and energy storage solutions [22][24] Question: Margin outlook and improvement - Margin improvement is driven by a favorable revenue mix and operating leverage, with 81% of revenue from Energy Solutions, which has higher margins [26] Question: Achieving significant revenue growth in Q4 - The company expects to maintain revenue momentum with over 300 contracts to be delivered in Q4 and a strong backlog of projects [37] Question: Progress on major Energy Storage contract - The company signed a RMB 200 million contract to build energy storage solutions in 380 charging stations, with 43 already delivered [39][40] Question: Impact of partnership with China Construction Bank - The partnership provides a credit line of up to RMB 2.5 billion, supporting financial stability and accelerating energy transition efforts [48][50]

Exhibit 99.1 NaaS Technology Inc. Reports Unaudited 2023 Third Quarter Financial Results BEIJING, China, October 26, 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 third quarter ended September 30, 2023. Third Quarter 2023 Financial Highlights: • Revenues1 grew by 536% year over year to a record setting RMB170.9 million (US$23.4 million) in the third quarte ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of September 2023 Commission File Number: 001-38235 NaaS Technology Inc. (Translation of registrant's name into English) Newlink Center, Area G, Building 7, Huitong Times Square, No.1 Yaojiayuan South Road, Chaoyang District, Beijing, China (Address of principal executive office) Indicate by check mark whet ...

NaaS Technology Inc. (NASDAQ:NAAS) Q2 2023 Earnings Conference Call September 8, 2023 8:00 AM ET Company Participants Cynthia Tan - Senior Director of IR Yang Wang - CEO Alex Wu - President and CFO Conference Call Participants Operator Ladies and gentlemen, thank you for standing by, and welcome to the NaaS Second Quarter and First Half 2023 Earnings Conference Call. At this time all participants are in listen-only mode. I must advice you that this conference is being recorded. I would now like to turn the ...

Financial Data and Key Metrics Changes - The company reported its first quarter 2023 earnings, with results released earlier today and available online [1] Business Line Data and Key Metrics Changes - No specific data on business lines was provided in the conference call [1] Market Data and Key Metrics Changes - No specific market data was mentioned in the conference call [1] Company Strategy and Development Direction and Industry Competition - No details on company strategy or competitive landscape were discussed in the conference call [1] Management Comments on Operating Environment and Future Outlook - No comments from management regarding the operating environment or future outlook were provided in the conference call [1] Other Important Information - The conference call is being recorded, and participants are in listen-only mode [1] Q&A Session Summary - No questions or answers were recorded in the conference call [1]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2023 Commission File Number: 001-38235 | --- | --- | |-----------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------| | (Translation of registrant's | NaaS Techno ...

Table of Contents Securities registered or to be registered pursuant to Section 12(b) of the Act. Title of Each ClassTrading Symbol(s)Name of Each Exchange on Which Registered American depositary shares, each representing 10 Class A ordinary shares, par value US$0.01 per share Class A ordinary shares, par value US$0.01 per share* NAAS Nasdaq Capital Market UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) ...