NaaS Technology Inc. Announces Updated Effective Date of ADS Ratio Change

June 7, 2024

https://www.prnewswire.com/news-releases/naas-technology-inc-announces-updated-effective-date-of-ads-ratio-change-302167016.html

BEIJING, June 7, 2024 /PRNewswire/ — NaaS Technology Inc. (Nasdaq: NaaS) (“NaaS” or the Company”), the first U.S. listed EV charging service company in China, today provides an update on the effective date of the change of the ratio of its American Depositary Shares (the “ADSs”) to its Class A ordinary shares (the “ADS Ratio”). The ADS Ratio change was previously announced on May 30, 2024 and originally planned to become effective on or about June 10, 2024. According to JPMorgan Chase Bank, N.A., the depositary bank for the Company’s ADS program, the ADS Ratio change will take effect at the open of business on June 13, 2024 (U.S. Eastern Time).

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