Ethan Zhang

Nianyi Zou

Ting Song

Zoe Feng

Amber Yu

Jane Hu

Joe Zhao

Kelly Zou

King San

Min 'Kelly' Zou

- NaaS Technology Inc. shareholders approved a special resolution on **October 10, 2025**, to adopt the **Third Amended and Restated Memorandum and Articles of Association**, which became effective upon adoption.  **[1712178_0001104659-25-099744_tm2528802d1_6k.htm:0]** **[1712178_0001104659-25-099744_tm2528802d1_ex3-1.htm:0]** **[1712178_0001104659-25-099744_tm2528802d1_ex3-1.htm:1]** 
- The company's **authorized share capital is US$520,000,000**, divided into **52,000,000,000 shares** with a par value of **US$0.01 each**, comprising Class A, Class B, Class C, and Class D Ordinary Shares.  **[1712178_0001104659-25-099744_tm2528802d1_ex3-1.htm:1]** 
- The amended articles establish a **multi-class share structure** with differentiated voting rights: **Class A Ordinary Shares carry one (1) vote**, **Class B Ordinary Shares carry ten (10) votes**, and **Class C Ordinary Shares carry two (2) votes** per share.  **[1712178_0001104659-25-099744_tm2528802d1_ex3-1.htm:9]** 
- **Class B and Class C Ordinary Shares are convertible into Class A Ordinary Shares** at the holder's option, or automatically under specific conditions such as certain transfers or a reduction in the Founder's Class B ownership.  **[1712178_0001104659-25-099744_tm2528802d1_ex3-1.htm:9]** **[1712178_0001104659-25-099744_tm2528802d1_ex3-1.htm:10]**

NaaS Technology Inc. Adopts Third Amended and Restated Memorandum and Articles of Association

- NaaS Technology Inc. reported a **net profit of RMB65.4 million** for the first six months of 2025, a significant improvement from a net loss of RMB363.2 million in the same period last year.  **[1712178_0001104659-25-099341_tm2528590d1_ex99-1.htm:0]**  The **non-IFRS net loss attributable to ordinary shareholders narrowed by 63%** year-over-year to RMB61.0 million.  **[1712178_0001104659-25-099341_tm2528590d1_ex99-1.htm:0]** **[1712178_0001104659-25-099341_tm2528590d1_ex99-1.htm:2]** 
- The company's **gross margin reached 97%** in the first half of 2025, a substantial increase of 65 percentage points from 32% in the prior year, while **total operating expenses decreased by 68%** year-over-year to RMB104.5 million.  **[1712178_0001104659-25-099341_tm2528590d1_ex99-1.htm:0]** **[1712178_0001104659-25-099341_tm2528590d1_ex99-1.htm:1]** **[1712178_0001104659-25-099341_tm2528590d1_ex99-1.htm:2]** 
- Total revenue for the first six months of 2025 was **RMB66.6 million**, a 40% year-over-year decrease, primarily due to a strategic shift away from capital-intensive, cash-consuming businesses.  **[1712178_0001104659-25-099341_tm2528590d1_ex99-1.htm:1]** 
- NaaS formed a **strategic partnership with Xiaomi Auto** in March 2025, enabling Xiaomi Auto users to access NaaS's nationwide charging network, and facilitated China's pioneering carbon credit transaction for EV charging in January 2025.  **[1712178_0001104659-25-099341_tm2528590d1_ex99-1.htm:0]**

NaaS Technology Inc. Reports First Half 2025 Financial Results

- Shareholders of NaaS Technology Inc. **approved all five proposed resolutions** at the 2025 annual general meeting held on **October 10, 2025**.  **[1712178_0001104659-25-098713_tm2528522d1_ex99-1.htm:0]** 
- Key approvals include an **increase in the Company’s authorized share capital**.  **[1712178_0001104659-25-098713_tm2528522d1_ex99-1.htm:0]** 
- A special resolution was approved to **amend the par value of each authorized share from US$0.01 to US$0.000001**, which will result in an authorized share capital of **US$52,000**, subject to confirmation by the Grand Court of the Cayman Islands.  **[1712178_0001104659-25-098713_tm2528522d1_ex99-1.htm:0]**

NaaS Technology Inc. Shareholders Approve Capital Structure Changes at 2025 AGM

NaaS Technology (NAAS)