NaaS Technology ADR Stock Price, News & Analysis

NaaS Technology (NASDAQ: NAAS), China's first U.S.-listed EV charging service company, has announced its upcoming Annual General Meeting (AGM) scheduled for October 10, 2025, at 3:00 PM Beijing time. The meeting will be held at the Arcadia International Hotel in Langfang City, Hebei Province.

Shareholders of record as of September 9, 2025 are eligible to attend and vote at the AGM. ADS holders must exercise their voting rights through JPMorgan Chase Bank, the Company's ADS program depositary. The Board of Directors has expressed full support for the proposed resolutions and recommends shareholders vote in favor.

NaaS Technology (NASDAQ: NAAS), China's first U.S.-listed EV charging service company, has released its 2024 ESG Report showcasing significant environmental and innovation achievements. The company achieved 3.22 million tons of carbon reduction through EV charging services and reduced its greenhouse gas emissions by 47%.

Key highlights include 56 patent applications and 38 granted patents, joining the AI Application Alliance with Huawei and Alibaba Cloud, and receiving top ESG ratings including an "A" rating from CDP Climate Change and 72 points in S&P Global's CSA. NaaS has set a new target to achieve net-zero emissions across all scopes by 2050.

NaaS Technology (Nasdaq: NAAS), China's first U.S.-listed EV charging service company, announced a significant change to its American Depositary Shares (ADS) ratio. The company plans to modify the ratio from 1 ADS to 800 Class A ordinary shares to 1 ADS to 3,200 Class A ordinary shares, effectively implementing a 1-for-4 reverse ADS split.

The change is expected to take effect on July 30, 2025. JPMorgan Chase Bank will manage the exchange process, where shareholders must exchange every four existing ADSs for one new ADS. The stock will continue trading under the symbol "NAAS" on Nasdaq, with fractional shares being sold and proceeds distributed to affected shareholders.

NaaS Technology (NAAS), China's first U.S.-listed EV charging service company, received a notification from Nasdaq on June 13, 2025, regarding non-compliance with minimum market value requirements. The company fails to meet the $35 million minimum market value requirement for continued Nasdaq Capital Market listing. NaaS has until December 10, 2025, to regain compliance by maintaining a market value above $35 million for at least 10 consecutive business days. Additionally, the company doesn't meet other listing requirements including maintaining $2.5 million in stockholders' equity and $500,000 in net income from continuing operations. While trading continues under "NAAS", failure to meet requirements by the deadline could result in delisting proceedings.

NaaS Technology (NASDAQ: NAAS), China's first U.S. listed EV charging service company, has received a non-compliance notice from Nasdaq on May 20, 2025, due to failing to file its 2024 annual report (Form 20-F) on time. While this notification doesn't immediately affect NAAS's Nasdaq listing, the company has 60 calendar days to submit a compliance plan. If Nasdaq accepts the plan, NAAS could receive up to 180 calendar days (until November 11, 2025) from the original due date to regain compliance. The company states it is working to complete and file the annual report as soon as possible.

NaaS Technology (Nasdaq: NAAS), China's first U.S.-listed EV charging service company, has been awarded the 2025 Sustainable Consumer Engagement Award by the British Chamber of Commerce Shanghai, emerging as the only EV charging service company recipient. The company's ESG achievements include ranking first in China's retail industry and seventh globally in S&P Global's 2024 Corporate Sustainability Assessment, scoring 72 points and placing in the top 1% globally.

NaaS introduced its GREEN strategy in 2024, focusing on Governance, Reinvention, Eco-consciousness, Empathy, and Nurture. As of September 30, 2024, the company's network encompasses over 96,000 charging stations and 1.146 million chargers, utilizing AI technology to optimize EV charging supply and demand while enhancing operator efficiency.

NaaS Technology, the first U.S.-listed EV charging service company in China, has implemented a significant change to its American Depositary Shares (ADS) ratio effective April 28, 2025.

Key changes include:

• The ADS ratio has been modified from 1:200 (1 ADS to 200 Class A ordinary shares) to 1:800 (1 ADS to 800 Class A ordinary shares)
• This change functions similarly to a one-for-four reverse ADS split
• The exchange process is automatic: 1 new ADS for every 4 previously-held ADSs
• JPMorgan Chase Bank acts as the depositary bank managing the exchange

While the ADS trading price is expected to increase proportionally following this change, NaaS has noted that there is no guarantee the new trading price will be exactly or greater than 4 times the previous price.

NaaS Technology Inc. (NAAS), the first U.S.-listed EV charging service company in China, has announced a significant change to its American Depositary Shares (ADS) ratio. The company will modify its ADS ratio from 1:200 to 1:800 Class A ordinary shares, effective April 28, 2025.

This adjustment will function as a one-for-four reverse ADS split, requiring ADS holders to exchange every 4 existing ADSs for one new ADS. JPMorgan Chase Bank will manage the exchange process, with fractional shares being aggregated and sold, with proceeds distributed to affected holders.

The company will continue trading on Nasdaq under the symbol 'NAAS'. While the ADS trading price is expected to increase proportionally, NaaS notes there's no guarantee the post-change price will be exactly four times the pre-change value. The change won't affect the underlying Class A ordinary shares structure.

NaaS Technology (Nasdaq: NAAS), China's first U.S.-listed EV charging service company, has announced its participation in the Huayuan Securities Spring Strategy Conference in Wuhan, China. The company's session is scheduled for March 20, 2025, at 3:30 p.m. Beijing Time.

Investors and stakeholders interested in connecting with NaaS management can arrange one-on-one meetings through their event representative or by contacting the company's investor relations team at ir@enaas.com.