$NAAS

Newlinks Technology Limited (parent of NaaS Technology Inc., NASDAQ: NAAS) signed a strategic agreement with Tencent Cloud to explore AI applications in energy retail and management. The collaboration aims to enhance energy digitalization and operational efficiency, leveraging Tencent Cloud's AI tools and NaaS's extensive charging network. Newlinks is a leading energy digitalization group in China, with NaaS being the first U.S.-listed EV charging service company in the country.

NaaS Technology Inc. (Nasdaq: NAAS) announced the results of its extraordinary general meeting held on April 29, 2026. Shareholders approved two resolutions: to amend the authorized share capital from US$52,000 to US$369,200, and to authorize the company's directors, officers, and agents to implement this change. The revised share capital will now be divided into 369,200,000,000 shares across various classes.

NaaS Technology Inc is strategically positioned in China's booming EV charging market with an asset-light "Network-as-a-Service" model, partnering with station owners and focusing on software platforms for billing, scheduling, and maintenance. This approach allows scalable expansion without heavy capital investment, making it an attractive option for global investors looking for exposure to the electrified mobility sector, particularly in English-speaking markets. While offering diversification and potential for growth, the company faces risks including geopolitical tensions, competition, economic slowdowns in China, and regulatory shifts, requiring careful monitoring by investors.

NaaS Technology Inc. announced it has received a notification from Nasdaq regarding non-compliance with the minimum market value of listing securities requirement. The company has 180 days, until August 17, 2026, to regain compliance by maintaining a market value of US$35 million or more for at least ten consecutive business days. NaaS Technology plans to monitor its market value and expects its shares to continue trading on Nasdaq during this grace period, despite also not meeting other listing requirements related to stockholders' equity and net income.