NaaS Technology Inc. Announces US$10 Million Share Repurchase Program

Core Viewpoint - NaaS Technology Inc. has announced a share repurchase program allowing the company to buy back up to US$10 million of its American depositary shares over the next 12 months, effective from February 21, 2025 [1]. Company Overview - NaaS Technology Inc. is the first U.S.-listed EV charging service company in China and operates as a subsidiary of Newlinks Technology Limited, a leading energy digitalization group in China [3]. - The company provides comprehensive solutions for energy asset owners, including charging services, energy solutions, and new initiatives, supporting all stages of the energy asset lifecycle and facilitating energy transition [3]. Share Repurchase Program Details - The share repurchase may occur on the open market at prevailing prices, through privately negotiated transactions, block trades, or other legally permissible means, depending on market conditions [2]. - The Board will periodically review the share repurchase program and may adjust its terms and size as necessary [2].