NaaS Technology Strengthens Corporate Structure for Future Growth and Market Adaptability

NaaS Technology Enhances Corporate Structure to Support Future Growth

NaaS Technology Inc., a pioneering electric vehicle (EV) charging service provider listed in the U.S. and operating in China, recently convenes an extraordinary general meeting in Langfang, Hebei Province. During this meeting, shareholders approve three significant resolutions aimed at optimizing the company’s financial and operational framework. The first resolution amends the par value of each authorized and issued share, drastically reducing it from US$0.01 to US$0.000001. This adjustment not only simplifies the capital structure but also aligns with the company's strategic goals for future growth and flexibility in equity management.

The second resolution sees the transition from the Third to the Fourth Amended and Restated Memorandum and Articles of Association, a process that underscores NaaS Technology’s commitment to conforming with regulatory requirements. This amendment becomes effective upon the registration of a solvency statement as mandated by the Cayman Islands Companies Act. By updating its governing documents, NaaS positions itself to better adapt to evolving market conditions and regulatory landscapes, which is crucial for maintaining operational resilience in the rapidly growing EV sector.

The third resolution authorizes the company’s directors, officers, and agents to implement the aforementioned changes, thereby empowering leadership to navigate the operational and strategic challenges ahead. As a subsidiary of Newlinks Technology Limited, a prominent player in energy digitalization, NaaS Technology leverages advanced technology to optimize the EV charging experience. By efficiently matching charging supply with demand, the company enhances the operational efficiency and profitability of charging stations, ensuring a seamless experience for electric vehicle users in China and beyond.

In conjunction with these corporate developments, NaaS Technology continues to affirm its position as a leader in the new energy asset operation services market. The company’s innovative approach not only supports the growing demand for electric vehicle infrastructure but also contributes significantly to sustainability efforts in the energy sector.

To facilitate further engagement, NaaS Technology has made its investor relations and media contacts readily available for inquiries, reinforcing its commitment to transparency and communication with stakeholders as it embarks on this new phase of growth.