NaaS Technology Inc. Joins China ESG Alliance as the First Member in EV Charging Service Sector

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NaaS Technology Inc. (Nasdaq: NAAS), the first U.S. listed EV charging service company in China, has joined the China ESG Alliance as the inaugural member from the electric vehicle charging sector. This strategic move underscores NaaS's commitment to advancing sustainable practices and enhancing green, low-carbon initiatives in the industry.

CEO Ms. Yang Wang emphasized that joining the alliance is a important step in driving sustainable practices across NaaS's operations, guided by their comprehensive GREEN strategy (Governance, Reinvention, Eco-consciousness, Empathy, and Nurture). This strategy reinforces their commitment to low-carbon operations and strengthens their market leadership in sustainable energy asset management.

NaaS's induction into the China ESG Alliance, alongside prominent companies like Microsoft, Lenovo, and Tencent, marks a significant milestone in its journey towards sustainability leadership in the EV charging industry. This membership is expected to enhance NaaS's credibility and market position as a sustainable investment choice in the global new energy sector.

BEIJING, Oct. 2, 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 it has joined the China ESG Alliance as the first member from China's electric vehicle charging sector. This strategic move highlights NaaS's dedication to advancing sustainable practices and enhancing green, low-carbon initiatives across the industry.

"Joining the China ESG Alliance is a pivotal step for NaaS as we continue to drive sustainable practices across our entire operation," stated Ms. Yang Wang, Chief Executive Officer of NaaS. "Our comprehensive GREEN strategy - encompassing Governance, Reinvention, Eco-consciousness, Empathy, and Nurture - guides our commitment to low-carbon operations and strengthens our market leadership in sustainable energy asset operations and management."

The induction of NaaS, as a charging platform that connects driver users to charging infrastructure, into the China ESG Alliance is a significant milestone in the Company's journey toward becoming a sustainability leader in the EV charging industry. Joining esteemed companies such as Microsoft, Lenovo, HONOR, Tencent, LONGi Green Energy, and SF Express, NaaS brings a unique contribution to the alliance's mission of advancing responsible climate technology solutions. This membership not only underscores NaaS's commitment to environmental stewardship but also positions the Company to extend these best practices across Asia, enhancing its credibility and market position as a sustainable investment choice in the global new energy sector.

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; 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

What is the significance of NaaS Technology Inc. (NAAS) joining the China ESG Alliance?

NaaS joining the China ESG Alliance is significant as it's the first member from China's EV charging sector, highlighting the company's commitment to sustainable practices and green initiatives. This move enhances NaaS's credibility and positions it as a leader in sustainability within the EV charging industry.

How does NaaS Technology Inc. (NAAS) plan to implement sustainable practices?

NaaS plans to implement sustainable practices through its GREEN strategy, which stands for Governance, Reinvention, Eco-consciousness, Empathy, and Nurture. This comprehensive approach guides the company's commitment to low-carbon operations and strengthens its market leadership in sustainable energy asset management.

What other companies are part of the China ESG Alliance alongside NaaS Technology Inc. (NAAS)?

The China ESG Alliance includes prominent companies such as Microsoft, Lenovo, HONOR, Tencent, LONGi Green Energy, and SF Express. NaaS joins these esteemed organizations in advancing responsible climate technology solutions.

How might joining the China ESG Alliance impact NaaS Technology Inc.'s (NAAS) market position?

Joining the China ESG Alliance is expected to enhance NaaS's credibility and market position as a sustainable investment choice in the global new energy sector. It also positions the company to extend best practices across Asia and strengthen its leadership in the EV charging industry.