NaaS Technology Inc. Announces Closing of US$6 Million Registered Direct Offering

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].