#China #Beijing #EV Charging #ADS Ratio #NaaS Technology

NaaS Technology Inc. Announces Completion of ADS Ratio Change

On April 28, 2025, NaaS Technology Inc. (Nasdaq: NAAS), recognized as the first U.S.-listed electric vehicle (EV) charging service company in China, marked a significant milestone by announcing the completion of its American depositary shares (ADS) ratio change. This strategic alteration has been designed to improve trading efficiencies and enhance the investment potential of the company.

Understanding the ADS Ratio Change

The company recently executed a transition in its ADS ratio from one ADS representing 200 Class A ordinary shares to one ADS representing 800 Class A ordinary shares. This effectively translates to a one-for-four reverse ADS split, which means that existing shareholders will automatically exchange four previous ADSs for one new ADS, consolidating their shares into a more manageable unit. The change took effect at the opening of business on the stipulated date in U.S. Eastern Time, reinforcing the company's commitment to optimizing its market presence and improving the trading visibility of its shares.

The adjustment in the ADS ratio aims to proportionally increase the trading price of the ADSs. However, the company has advised investors that it cannot guarantee the post-adjustment trading price will be four times greater than the price before the change. This inherent uncertainty underscores the volatile nature of stock markets and the diverse factors influencing share prices, including market sentiment and company performance.

About NaaS Technology Inc.

NaaS Technology has positioned itself as a pivotal player in the EV charging service sector. Being a subsidiary of Newlinks Technology Limited, a frontrunner in energy digitalization in China, NaaS is dedicated to delivering innovative solutions that address the growing demand for efficient charging infrastructure. Its advanced technology facilitates the intelligent matching of charging supply with user demand, providing an enhanced and seamless charging experience for electric vehicle operators.

In addition to serving the EV user community, NaaS empowers charging station operators to optimize their operations, thereby driving greater operational efficiency and profitability. This strategic approach has placed NaaS at the forefront of the rapidly evolving green energy ecosystem.

Forward-Looking Statements and Market Considerations

While NaaS maintains an optimistic outlook on the potential benefits derived from the ADS ratio change, the company has issued a forward-looking statement concerning various risks and uncertainties that may impact its future performance. Key considerations include the current state of the EV charging market, competition, regulatory changes, and macroeconomic factors that can influence demand and operational dynamics.

Investors are urged to remain mindful of these variables while assessing their investment decisions. NaaS acknowledges the volatile nature of the stock market and the unpredictability of future performance, reiterating its commitment to transparency and proactive communication with its stakeholders.

As the electric vehicle market continues to flourish, NaaS aims to solidify its role as a leader in innovative charging solutions while navigating the complexities associated with market fluctuations and operational challenges. This ADS ratio change is just one step in its broader strategy to keep pace with the ever-evolving energy landscape.

For more information on the company's developments and financial strategies, stakeholders can reach out to NaaS's investor relations team. The company is dedicated to maintaining open lines of communication as it progresses in its mission to transform energy consumption through intelligent technology and comprehensive service offerings.