BEIJING, June 28,
2024 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq:
NaaS) ("NaaS" or the "Company"), the first U.S. listed EV
charging service company in China, today announces that it has
received a notification letter (the "Compliance Notice") from the
Listing Qualifications Department of the Nasdaq Stock Market Inc.
("Nasdaq") dated June 28, 2024,
informing the Company that it has regained compliance with the
Nasdaq Listing Rule 5550(a)(2) (the
"Minimum Bid Price Requirement").
As previously announced, the Company received a notification
letter (the "Deficiency Notice") from the Nasdaq dated June 13, 2024 indicating that the closing
bid price for the Company's American depositary shares (the "ADSs")
was below the minimum bid price of $1.00 required for continued listing under the
Nasdaq Listing Rule 5550(a)(2) for
30 consecutive business days. According to the Deficiency Notice,
if at any time during the 180-day compliance period, the closing
bid price of the Company's ADSs is at least $1.00 for a minimum of ten consecutive business
days, the Nasdaq will provide the Company written confirmation of
compliance and the matter will be closed. According to the
Compliance Notice, the closing bid price of the Company's ADSs has
been at $1.00 per ADS or greater for
ten consecutive business days from
June 13 through June 27, 2024, and the Company has regained
compliance with the Minimum Bid Price Requirement and the matter is
closed.
About NaaS Technology Inc.
NaaS Technology Inc. is the first U.S. listed EV
charging service company in China. The Company is a subsidiary
of Newlinks Technology Limited, a leading energy
digitalization group in China. The Company provides one-stop
solutions to energy asset owners comprising charging services,
energy solutions and new initiatives, supporting every stage of
energy asset's lifecycle and facilitating energy transition.
For investor and media inquiries, please contact:
Investor Relations
NaaS Technology Inc.
E-mail: ir@enaas.com
Media inquiries:
E-mail: pr@enaas.com
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SOURCE NaaS Technology Inc.