Core Viewpoint - NaaS Technology Inc. has received a Notice of Non-Compliance from Nasdaq due to the late filing of its annual report for the fiscal year ended December 31, 2024, but this does not immediately affect its listing or trading status on Nasdaq [1][2]. Compliance and Regulatory Summary - The Notice indicates non-compliance with Nasdaq Listing Rule 5250(c)(1), which mandates timely submission of periodic financial reports to the U.S. Securities and Exchange Commission [2]. - NaaS has 60 calendar days from the date of the Notice to submit a compliance plan, and if accepted, may receive an extension of up to 180 calendar days to regain compliance, potentially until November 11, 2025 [3]. Company Commitment and Operations - NaaS is committed to addressing the compliance issue promptly and is working diligently to complete and file its Annual Report as soon as possible [4]. - NaaS Technology Inc. is the first U.S. listed EV charging service company in China and is a subsidiary of Newlinks Technology Limited, focusing on energy digitalization [5]. - The company leverages advanced technology to connect charging supply with demand, enhancing the charging experience for EV users [5][6]. - NaaS also empowers charging stations and operators through data-driven operational optimization, improving efficiency and profitability across the ecosystem [6].

Core Viewpoint - NaaS Technology Inc. has implemented a change in the ratio of its American depositary shares (ADSs) to Class A ordinary shares, effective April 28, 2025, which is expected to impact the trading price of the ADSs [1][2][3]. 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 prominent energy digitalization group in China [4]. - The company is recognized as a leading provider of new energy asset operation services, utilizing advanced technology to optimize the charging experience for electric vehicle users [4]. ADS Ratio Change - The ADS Ratio has changed from one ADS representing 200 Class A ordinary shares to one ADS representing 800 Class A ordinary shares, effectively resulting in a one-for-four reverse ADS split [2]. - The exchange of ADSs occurred automatically, with previously-held ADSs being cancelled and new ADSs issued by JPMorgan Chase Bank, N.A., the depositary bank for the company's ADS program [2]. Expected Impact - Following the change in the ADS Ratio, the trading price of the ADSs is anticipated to increase proportionally, although the company cannot guarantee that the new trading price will be at least four times the previous price [3].