NaaS Technology Inc. Announces Cancellation of Annual General Meeting Convened for January 25, 2025

Rhea-AI Summary

NaaS Technology Inc. (Nasdaq: NAAS), a leading Chinese EV charging service provider, has announced the cancellation of its Annual General Meeting (AGM) that was scheduled for January 25, 2025, in Beijing. The company's Board of Directors made this decision after careful consideration, deeming it in the best interest of the company and its shareholders. The meeting was originally planned to take place at Meeting Room 208, Grand Skylight Yue Hotel in Beijing's Daxing District. NaaS has indicated that information about rescheduling or alternative actions will be communicated at a later date.

Positive

• None.

Negative

• Unexpected cancellation of AGM with short notice (2 days before scheduled date)
• Lack of specific reasons provided for the cancellation
• No immediate alternative date or plan announced

BEIJING, Jan. 23, 2025 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) (the "Company"), one of the largest and fastest-growing electric vehicle charging service providers in China, today announced the cancellation of its previously scheduled Annual General Meeting (AGM) originally set for January 25, 2025, at Meeting Room 208, Grand Skylight Yue Hotel, Building 1, 12 Jinxing Road, National New Media Industry Base, Daxing District, Beijing, 102600, People's Republic of China. After careful consideration, the Board of Directors of the Company has deemed it advisable to cancel the AGM. The decision was made following a thorough review of the current circumstances and in the best interest of the Company and its shareholders.

Further details regarding the rescheduling or alternative actions will be communicated in due course.

About NaaS Technology Inc.

NaaS Technology Inc. is the first U.S. listed EV charging service company in China. The Company is a subsidiary of Newlinks Technology Limited, a leading energy digitalization group in China. The Company provides one-stop solutions to energy asset owners comprising charging services, energy solutions and new initiatives, supporting every stage of energy assets' lifecycle and facilitating energy transition.

Safe Harbor Statement

This press release contains statements of a forward-looking nature. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as "will," "expects," "believes," "anticipates," "intends," "estimates" and similar statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. All information provided in this press release is as of the date hereof, and the Company undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: NaaS' goals and strategies; its co; its future business development, financial conditions and results of operations; its ability to continuously develop new technology, services and products and keep up with changes in the industries in which it operates; growth of China's EV charging industry and EV charging service industry and NaaS' future business development; demand for and market acceptance of NaaS' products and services; NaaS' ability to protect and enforce its intellectual property rights; NaaS' ability to attract and retain qualified executives and personnel; the COVID-19 pandemic and the effects of government and other measures that have been or will be taken in connection therewith; U.S.-China trade war and its effect on NaaS' operation, fluctuations of the RMB exchange rate, and NaaS' ability to obtain adequate financing for its planned capital expenditure requirements; NaaS' relationships with end-users, customers, suppliers and other business partners; competition in the industry; relevant government policies and regulations related to the industry; and fluctuations in general economic and business conditions in China and globally. Further information regarding these and other risks is included in NaaS' filings with the SEC.

For investor and media inquiries, please contact:

Investor Relations
NaaS Technology Inc.
E-mail: ir@enaas.com

Media inquiries:
E-mail: pr@enaas.com

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SOURCE NaaS Technology Inc.

FAQ

Why did NaaS Technology (NAAS) cancel its January 25, 2025 Annual General Meeting?

According to the announcement, the Board of Directors deemed the cancellation advisable after careful consideration, citing it was in the best interest of the Company and shareholders. However, specific reasons were not disclosed.

When will NaaS Technology (NAAS) reschedule its 2025 Annual General Meeting?

The company has not announced a new date for the AGM. They stated that further details regarding rescheduling or alternative actions will be communicated in due course.

Where was the cancelled NaaS Technology (NAAS) AGM supposed to take place?

The AGM was scheduled to take place at Meeting Room 208, Grand Skylight Yue Hotel, Building 1, 12 Jinxing Road, National New Media Industry Base, Daxing District, Beijing, China.

How much notice did NaaS Technology (NAAS) give shareholders about the AGM cancellation?

NaaS Technology announced the cancellation on January 23, 2025, just two days before the scheduled meeting date of January 25, 2025.