NaaS Technology Inc. Announces Leadership Change

BEIJING, September 30, 2022 /PRNewswire/ — NaaS Technology Inc. (NASDAQ: NAAS) (the “Company” or “NaaS”), one of the largest and fastest growing electric vehicle charging service providers in Chinatoday announced that Mr. Lei Zhao has resigned as the company’s Chief Financial Officer for personal reasons, effective immediately.

NaaS also announced the appointment of Mr. Alex Wu as interim CFO and has begun a formal search for a permanent replacement.

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

Mr. Alex Wu served as Acting Chief Financial Officer of RISE Education Cayman Ltd, the company’s predecessor, from September 2021 to June 2022. Mr. Wu has extensive experience in corporate finance, technology and management and Currently serves as Executive Vice President and a member of Bain Capital Private Equity’s Asia-Pacific Portfolio Group. Prior to joining Bain Capital Private Equity in 2017, Mr. Wu worked at PricewaterhouseCoopers Consulting focusing on the technology, media and telecommunications (TMT) and digital solutions sectors in cloud, e-commerce and IT. to analyse. Prior to that, Mr. Wu worked with airlines and telecommunications companies to plan and implement transformation programs. Mr. Wu holds a bachelor’s degree in computer science from Peking University and an MBA from the Australian Graduate School of Management at Peking University. University of New South Wales.

About NaaS Technology Inc.

NaaS Technology Inc. is one of the largest and fastest growing electric vehicle charging service providers in China. The Company is a subsidiary of Newlinks Technology Limited, one of the leading energy digitization groups in China. NaaS provides one-stop services to charging station manufacturers and operators, OEMs, companies with their own delivery fleets, and fleet operators, with online, offline, and non-electric services spanning the entire value chain of the electric vehicle sector. By 2021, NaaS had connected 290,000 chargers, with an annual charging capacity of more than 1,200 Gigawatt hours, representing approximately 18% of China public charging market and eliminating 900,000 tonnes of carbon emissions per year. On June 13, 2022shares of the Company’s US depository began trading on NASDAQ under the stock code NAAS.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made pursuant to the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. You may identify these forward-looking statements by words such as “will”, “expect”, “believe”. , “anticipates”, “intends”, “estimates” and similar statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. All information provided in this press release is as of the date hereof, and the Company undertakes no obligation to update any forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, unless the law requires it. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot guarantee that its expectations will prove to be correct, and investors are cautioned that actual results may differ materially from anticipated results.

For investor and media inquiries, please contact:

Investor Relations

NaaS Technology Inc.

E-mail: [email protected]

Media inquiries:

E-mail: [email protected]

SOURCENaaS Technology Inc.

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