Regaining Compliance: NaaS Technology Inc. Marks a Significant Milestone in the EV Charging Service Industry

NaaS Technology Inc. (Nasdaq: NaaS) has received a Compliance Notice from the Nasdaq Stock Market Inc., indicating that the company has regained compliance with the Nasdaq Listing Rule 5550(a)(2) (Minimum Bid Price Requirement). The notice was dated June 28, 2024, marking an important milestone for the first U.S. listed EV charging service company in China.

The company earlier received a Deficiency Notice from Nasdaq in June stating that the closing bid price for its American depositary shares (ADSs) had fallen below the minimum bid price of $1.00 for 30 consecutive business days, as required by the Nasdaq Listing Rule 5550(a)(2). However, with the Compliance Notice now confirming that the closing bid price of its ADSs has been at $1.00 per ADS or greater for ten consecutive business days from June 13 through June 27, 2024, NaaS Technology Inc. has regained compliance and can continue to grow and thrive in the EV charging service industry.

NaaS Technology Inc. is a subsidiary of Newlinks Technology Limited, a leading energy digitalization group in China. As the first U.S. listed EV charging service company in China, it provides comprehensive solutions to energy asset owners, including charging services, energy solutions, and new initiatives that support energy asset lifecycle management and facilitate energy transition.

Investors and media are invited to contact NaaS Technology Inc., via email at ir@enaas.com for investor relations and pr@enaas.com for media inquiries to learn more about this important step forward for NaaS Technology Inc., which continues to lead innovation in the EV charging service industry with its cutting-edge technology and expertise in energy digitalization solutions