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NaaS Technology Inc. Appoints New Chief Financial Officer

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NaaS Technology Inc. (Nasdaq: NAAS), the first U.S. listed EV charging service company in China, announced a significant leadership change. Mr. Alex Wu has resigned as President, Chief Financial Officer, and Director, effective August 9, 2024. The company has appointed Mr. Steven Sim as the new Chief Financial Officer, starting August 12, 2024.

Mr. Sim brings over 20 years of experience in Singapore, London, and mainland China. He holds an MBA from INSEAD and has worked at three of the Big Four accounting firms. His previous roles include Vice President of Finance at Sohu and CFO at Pintec Group, where he led the company's IPO process.

To ensure a smooth transition, Mr. Wu will continue in an advisory role until November 8, 2024. Ms. Yang Wang, speaking on behalf of NaaS, expressed gratitude for Mr. Wu's contributions and confidence in Mr. Sim's ability to drive growth for the company.

NaaS Technology Inc. (Nasdaq: NAAS), la prima società di servizi di ricarica di veicoli elettrici quotata negli Stati Uniti in Cina, ha annunciato un importante cambiamento nella leadership. Il Sig. Alex Wu si è dimesso da Presidente, Chief Financial Officer e Direttore, con effetto dal 9 agosto 2024. L'azienda ha nominato Il Sig. Steven Sim come nuovo Chief Financial Officer, a partire dal 12 agosto 2024.

Il Sig. Sim porta con sé oltre 20 anni di esperienza tra Singapore, Londra e Cina continentale. Possiede un MBA dall'INSEAD e ha lavorato presso tre delle Big Four del settore contabile. I suoi ruoli precedenti includono Vice Presidente della Finanza presso Sohu e CFO presso Pintec Group, dove ha guidato il processo di IPO dell'azienda.

Per garantire una transizione fluida, il Sig. Wu continuerà in un ruolo di consulenza fino all'8 novembre 2024. La Sig.ra Yang Wang, parlando a nome di NaaS, ha espresso gratitudine per i contributi del Sig. Wu e fiducia nella capacità del Sig. Sim di far crescere l'azienda.

NaaS Technology Inc. (Nasdaq: NAAS), la primera compañía de servicios de carga de vehículos eléctricos listada en EE. UU. en China, anunció un cambio significativo en su liderazgo. El Sr. Alex Wu ha renunciado como Presidente, Director Financiero y Director, con efecto a partir del 9 de agosto de 2024. La empresa ha nombrado al Sr. Steven Sim como el nuevo Director Financiero, a partir del 12 de agosto de 2024.

El Sr. Sim aporta más de 20 años de experiencia en Singapur, Londres y China continental. Posee un MBA de INSEAD y ha trabajado en tres de las Big Four de contabilidad. Sus roles anteriores incluyen Vicepresidente de Finanzas en Sohu y CFO en Pintec Group, donde lideró el proceso de salida a bolsa de la compañía.

Para garantizar una transición fluida, el Sr. Wu continuará en un rol de asesoría hasta el 8 de noviembre de 2024. La Sra. Yang Wang, hablando en nombre de NaaS, expresó gratitud por las contribuciones del Sr. Wu y confianza en la capacidad del Sr. Sim para impulsar el crecimiento de la empresa.

NaaS Technology Inc. (Nasdaq: NAAS)는 중국에서 미국에 상장된 첫 전기차 충전 서비스 회사로서 중요한 리더십 변화를 발표했습니다. 알렉스 우 씨가 2024년 8월 9일부로 사임하게 되며, 그는 사장, 최고 재무 책임자 및 이사로 재직해왔습니다. 회사는 스티븐 심 씨를 새로운 최고 재무 책임자로 임명하였으며, 그의 근무는 2024년 8월 12일부터 시작됩니다.

심 씨는 싱가포르, 런던 및 중국 본토에서 20년 이상의 경험을 보유하고 있습니다. 그는 INSEAD에서 MBA를 취득하였으며, 4대 회계법인에서 근무한 경력이 있습니다. 그의 이전 직책에는 Sohu의 재무 부사장과 Pintec Group의 CFO가 있으며, 그는 회사의 IPO 과정을 주도했습니다.

원활한 전환을 보장하기 위해 우 씨는 2024년 11월 8일까지 자문 역할을 계속할 것입니다. NaaS를 대표하여 발언한 양왕 씨는 우 씨의 기여에 감사의 뜻을 표하고, 심 씨가 회사 성장을 이끌 능력이 있다고 확신한다고 전했습니다.

NaaS Technology Inc. (Nasdaq: NAAS), la première société de service de charge de véhicules électriques cotée aux États-Unis en Chine, a annoncé un changement important dans sa direction. M. Alex Wu a démissionné de son poste de Président, Directeur Financier et Administrateur, avec effet au 9 août 2024. La société a nommé M. Steven Sim comme nouveau Directeur Financier, prenant ses fonctions le 12 août 2024.

M. Sim apporte plus de 20 ans d'expérience à Singapour, Londres et en Chine continentale. Il détient un MBA de l'INSEAD et a travaillé pour trois des Big Four en comptabilité. Ses précédents postes incluent celui de Vice-Président Financier chez Sohu et CFO chez Pintec Group, où il a dirigé le processus d'introduction en bourse de l'entreprise.

Pour assurer une transition en douceur, M. Wu continuera d'exercer un rôle de conseiller jusqu'au 8 novembre 2024. Mme Yang Wang, parlant au nom de NaaS, a exprimé sa gratitude pour les contributions de M. Wu et sa confiance en la capacité de M. Sim à stimuler la croissance de l'entreprise.

NaaS Technology Inc. (Nasdaq: NAAS), das erste in den USA notierte Unternehmen für Ladestationen von Elektrofahrzeugen in China, hat einen bedeutenden Führungswechsel bekannt gegeben. Herr Alex Wu ist mit Wirkung zum 9. August 2024 als Präsident, Chief Financial Officer und Direktor zurückgetreten. Das Unternehmen hat Herrn Steven Sim als neuen Chief Financial Officer ernannt, der am 12. August 2024 seine Tätigkeit aufnehmen wird.

Herr Sim bringt über 20 Jahre Erfahrung aus Singapur, London und dem Festlandchina mit. Er hat einen MBA von INSEAD und gearbeitet bei drei der Big Four Wirtschaftsprüfungsgesellschaften. Seine früheren Positionen umfassen Vizepräsident für Finanzen bei Sohu und CFO bei Pintec Group, wo er den Börsengang des Unternehmens leitete.

Um einen reibungslosen Übergang zu gewährleisten, wird Herr Wu bis zum 8. November 2024 weiterhin in einer beratenden Funktion tätig sein. Frau Yang Wang äußerte im Namen von NaaS Dankbarkeit für die Beiträge von Herrn Wu und Vertrauen in die Fähigkeit von Herrn Sim, das Wachstum des Unternehmens voranzutreiben.

Positive
  • Appointment of experienced CFO with over 20 years of international work experience
  • New CFO has expertise in domestic and international capital markets
  • Smooth transition plan with outgoing CFO staying on as advisor for 3 months
Negative
  • Departure of key executive (President, CFO, and Director) could potentially disrupt operations
  • Change in leadership may lead to short-term uncertainty for investors

BEIJING, Aug. 12, 2024 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NaaS) ("NaaS" or the "Company"), the first U.S. listed EV charging service company in China, today announced that Mr. Alex Wu, President, Chief Financial Officer and Director of the Company, resigned from the Company for personal reasons, effective August 9, 2024. The Company has appointed Mr. Steven Sim to succeed Mr. Wu as Chief Financial Officer, effective August 12, 2024. Mr. Wu will continue to serve in an advisory role until November 8, 2024, to ensure an orderly and effective transition.

"I want to thank Alex for his many contributions to NaaS. We are grateful for the counsel and leadership he has provided, and we wish him continued success in his future endeavors," said Ms. Yang Wang. "I would also like to welcome Steven to our executive team. I am confident that his expertise will play a vital role in driving growth at NaaS."

Born and raised in Singapore, Mr. Sim holds an MBA from INSEAD, which is ranked second globally in Business and Management by QS World University Rankings. Mr. Sim has over 20 years of combined work experience in Singapore, London, and mainland China and is well-versed in domestic and international capital markets. He possesses a dual perspective from both financial institutions and corporations, having worked at three of the Big Four accounting firms, including Deloitte, KPMG, and Ernst & Young. He has also served as the Vice President of Finance at Sohu (NASDAQ: SOHU) and the Chief Financial Officer at Pintec Group (NASDAQ: PT), where he led Pintec Group's complete process from pre-IPO financing to IPO and internationalization over five years.

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 asset's 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 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; 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

Cision View original content:https://www.prnewswire.com/news-releases/naas-technology-inc-appoints-new-chief-financial-officer-302219831.html

SOURCE NaaS Technology Inc.

FAQ

Who is the new CFO of NaaS Technology Inc. (NAAS)?

Mr. Steven Sim has been appointed as the new Chief Financial Officer of NaaS Technology Inc. (NAAS), effective August 12, 2024.

When did Alex Wu resign from NaaS Technology Inc. (NAAS)?

Mr. Alex Wu resigned from his positions as President, Chief Financial Officer, and Director of NaaS Technology Inc. (NAAS) effective August 9, 2024.

What is Steven Sim's background before joining NaaS Technology Inc. (NAAS)?

Steven Sim has over 20 years of work experience in Singapore, London, and mainland China. He holds an MBA from INSEAD, has worked at three of the Big Four accounting firms, and served as VP of Finance at Sohu and CFO at Pintec Group.

How long will Alex Wu stay with NaaS Technology Inc. (NAAS) after his resignation?

Alex Wu will continue to serve in an advisory role at NaaS Technology Inc. (NAAS) until November 8, 2024, to ensure an orderly and effective transition.

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