NaaS Technology Inc. Announces Management Change

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BEIJING, Sept. 30, 2022 /PRNewswire/ — NaaS Technology Inc. (NASDAQ: NAAS) (the “Company” or “NaaS”), one of many largest and fastest-growing electrical car charging service suppliers in China, at this time introduced that Mr. Lei Zhao has resigned from his place because the Company’s chief monetary officer for private causes, efficient instantly.

NaaS additionally introduced the appointment of Mr. Alex Wu as interim chief monetary officer and has commenced a proper seek for a everlasting alternative.

“I would like to thank Mr. Lei Zhao for his contribution to NaaS and wish him the best in his future endeavors,” said Ms. Yang Wang, chief govt officer of NaaS. “I look forward to working closely with Alex and am confident his experience in corporate finance and the capital markets will be of great assistance to NaaS.”

Mr. Alex Wu served as interim chief monetary officer of RISE Education Cayman Ltd, the predecessor of the Company, from September of 2021 to June of 2022. Mr. Wu has intensive expertise in company finance, expertise and administration issues and at the moment serves as govt vice chairman and a member of the Asian Pacific Portfolio Group of Bain Capital Private Equity. Before becoming a member of Bain Capital Private Equity in 2017, Mr. Wu labored at PricewaterhouseCoopers Consulting with a give attention to the expertise, media and telecommunications (TMT) sectors and digital options throughout cloud, e-commerce and analytics. Prior to that, Mr. Wu labored with airline and telecommunications firms to plan and ship transformation applications. Mr. Wu acquired his bachelor’s diploma in pc science from Peking University and his MBA diploma from the Australian Graduate School of Management on the University of New South Wales.

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About NaaS Technology Inc.

NaaS Technology Inc. is likely one of the largest and quickest rising EV charging service suppliers in China. The Company is a subsidiary of Newlinks Technology Limited, a number one power digitalization group in China. NaaS gives one-stop companies to charging pile producers and operators, OEMs, firms with their very own supply fleets in addition to fleet operators, with on-line, offline, and non-electric companies protecting the entire worth chain throughout the EV sector. As of 2021, NaaS had related 290,000 chargers, with an annual charging capability of over 1,200 Gigawatt hours, accounting for about 18% of China’s public charging market and eliminating 900,000 tons of carbon emissions yearly. On June 13, 2022, the American depositary shares of the Company began buying and selling on NASDAQ beneath the inventory code NAAS.

Safe Harbor Statement

This press launch incorporates statements of a forward-looking nature. These statements are made beneath the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can determine these forward-looking statements by terminology akin to “will,” “expects,” “believes,” “anticipates,” “intends,” “estimates” and comparable statements. These forward-looking statements contain recognized and unknown dangers and uncertainties and are primarily based on present expectations, assumptions, estimates and projections concerning the Company and the trade. All info supplied on this press launch is as of the date hereof, and the Company undertakes no obligation to replace any forward-looking statements to mirror subsequent occurring occasions or circumstances, or modifications in its expectations, besides as could also be required by legislation. Although the Company believes that the expectations expressed in these forward-looking statements are cheap, it can not guarantee you that its expectations will turn into right, and traders are cautioned that precise outcomes might differ materially from the anticipated outcomes.

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For investor and media inquiries, please contact:

Investor Relations

NaaS Technology Inc.

E-mail: [email protected]

Media inquiries:

E-mail: [email protected]

SOURCE NaaS Technology Inc.



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