NaaS Technology Inc. Implements Structural Changes to Enhance EV Charging Operations

NaaS Technology Inc. Enhances Operational Framework for EV Charging Services

NaaS Technology Inc., a trailblazer in electric vehicle (EV) charging services within China and the first such company listed on a U.S. exchange, undertakes significant structural changes to enhance its operational effectiveness. During an extraordinary general meeting held on January 23, 2026, in Langfang, Hebei Province, shareholders approve three pivotal resolutions aimed at streamlining the company’s financial and operational framework. These resolutions include adjusting the par value of shares, amending the Articles of Association, and granting the board authority to implement these changes.

The first resolution notably modifies the par value of each authorized and issued share from US$0.01 to an impressively low US$0.000001. This strategic move results in a total authorized and issued share capital of US$52,000, potentially positioning NaaS for improved financial maneuverability. By reducing the share value, the company may enhance its attractiveness to investors while simplifying its overall capital structure. This adjustment serves as a foundation for future growth and flexibility in the evolving EV market, which is characterized by rapid technological advancements and increasing consumer demand.

In conjunction with the share value amendment, the company also transitions from its Third to Fourth Amended and Restated Memorandum and Articles of Association. This change signifies an evolution in NaaS’s governance structure, ensuring compliance with the Cayman Islands Companies Act while enhancing operational protocols. Such amendments are crucial as they enable NaaS to adopt best practices in corporate governance, thereby fostering greater transparency and efficiency in its operations. The board's authorization to implement these changes empowers NaaS to remain agile in a competitive landscape, particularly as it seeks to optimize its services for both EV users and charging station operators.

As a subsidiary of Newlinks Technology Limited, a leading player in energy digitalization, NaaS continues to leverage cutting-edge technology to match charging supply with demand effectively. The company focuses on providing a seamless charging experience for EV users, addressing a key concern in the rapidly expanding EV market. By enhancing operational efficiency and profitability for charging stations and operators, NaaS positions itself as a vital component in the electrification of transportation, contributing to broader sustainability goals.

NaaS Technology Inc. remains committed to its mission of revolutionizing the EV charging landscape. With these recent structural changes approved, the company is poised to navigate the complexities of a growing industry while delivering reliable services to its customers. For further inquiries, NaaS encourages stakeholders to reach out through its investor relations and media contacts.