NaaS Technology Inc. Announces Results of Extraordinary General Meeting on January 23, 2026

Rhea-AI Summary

NaaS Technology (Nasdaq: NAAS) announced that at its extraordinary general meeting on January 23, 2026 shareholders approved three resolutions: (i) amend the par value of each authorized and issued share from US$0.01 to US$0.000001, resulting in authorized and issued share capital of US$52,000; (ii) amend and restate the Third Amended and Restated Memorandum and Articles of Association to the Fourth Amended and Restated Memorandum and Articles of Association, effective on registration of the required solvency statement under section 14A and the required minute under the Cayman Islands Companies Act (as revised); and (iii) authorize the company's directors, officers and agents to implement the foregoing.

The Meeting Notice was furnished to the SEC on January 5, 2026 via Form 6-K and disseminated to shareholders and ADS holders prior to the meeting.

Positive

• Authorized and issued share capital set at US$52,000
• Share par value formally amended from US$0.01 to US$0.000001

Negative

• Amendment to articles becomes effective only upon registration of a solvency statement under section 14A and required minute

Argus Jan 26 session

+1.91% close to close Open Argus

Details

News Market Reaction – NAAS

In the Jan 26 session, NAAS gained 1.91%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement confirms shareholder approval of three resolutions at the January 23, 2026 EGM, in...

Analysis

This announcement confirms shareholder approval of three resolutions at the January 23, 2026 EGM, including reducing par value to US$0.000001 and setting authorized and issued share capital at US$52,000, alongside updated constitutional documents. These steps build on similar governance actions approved in 2025. Investors may wish to track how the new corporate structure interacts with prior share issuances, warrant terms, and the company’s progress in EV charging and carbon-credit monetization.

Key Figures

Par value (old): US$0.01 Par value (new): US$0.000001 Authorized share capital: US$52,000 +5 more

Par value (old)

US$0.01

Prior par value per authorized and issued share

Par value (new)

US$0.000001

Amended par value per authorized and issued share

Authorized share capital

US$52,000

Authorized and issued share capital after amendment

Number of resolutions

3 resolutions

Approved at the January 23, 2026 extraordinary general meeting

Meeting date

January 23, 2026

Extraordinary general meeting in Langfang, Hebei Province

Companies Act section

section 14A

Solvency statement requirement under Cayman Islands Companies Act

Current price

US$3.2

Price before this news, NAAS shares

52-week high

US$40.32

Pre-news 52-week high for NAAS

Historical Context

5 past events · Latest: Jan 05

5 events

1. Jan 05

   EGM announcement

   24h Move

   -1.6%

   Set date and logistics for EGM to consider proposed resolutions.

2. Dec 31

   Carbon credit deal

   24h Move

   +0.3%

   Completed 21,000-ton carbon-inclusive credit transaction with strategic partner.

3. Dec 10

   Nasdaq compliance

   24h Move

   +2.0%

   Regained compliance with Nasdaq minimum market value requirement.

4. Oct 10

   AGM results

   24h Move

   +6.2%

   Shareholders approved capital structure changes and constitutional updates at AGM.

5. Sep 09

   AGM announcement

   24h Move

   +6.3%

   Announced upcoming AGM date and voting arrangements for shareholders and ADS holders.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

par value, solvency statement, companies act, form 6-k, +1 more

5 terms

par value financial

"amend the par value of each authorized and issued share in the capital"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

solvency statement regulatory

"take effect on the date of registration of the solvency statement made"

A solvency statement is a formal declaration, usually by a company’s directors, that the business can pay its bills as they come due and that its assets cover its liabilities. Investors care because this assurance signals whether the company is financially stable enough to keep operating, pay dividends, or undertake transactions; think of it as a household saying it has enough cash and assets before promising to spend or borrow more.

companies act regulatory

"as required by the Companies Act (as revised) of the Cayman Islands"

Companies Act is the primary law that sets the rules for forming, running and winding up corporations, covering directors’ duties, shareholder rights, financial reporting, audits and insolvency. For investors it matters because those rules determine how transparent and accountable a company must be, what protections shareholders have, and how risks are managed—think of the Act as a rulebook and referee that helps ensure fair play and reliable information for investment decisions.

form 6-k regulatory

"had been furnished on January 5, 2026 to the Securities and Exchange Commission under cover of a Form 6-K"

A Form 6-K is a report that companies listed in certain countries file to provide important updates, such as financial results, corporate changes, or other significant information, to regulators and investors. It functions like an official company update or news release, helping investors stay informed about developments that could affect their investment decisions.

american depositary shares financial

"disseminated to shareholders and holders of the Company's American depositary shares"

American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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BEIJING, Jan. 23, 2026 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the first U.S.-listed EV charging service company in China, is pleased to announce that at its extraordinary general meeting of shareholders held in Langfang, Hebei Province today, shareholders of the Company approved each of the three proposed resolutions set out in the notice of extraordinary general meeting (the "Meeting Notice"), namely, (i) a special resolution to amend the par value of each authorized and issued share in the capital of the Company from US$0.01 to US$0.000001, such that following the amendment, the authorized and issued share capital of the Company shall be US$52,000, (ii) a special resolution to amend and restate the Company's Third Amended and Restated Memorandum and Articles of Association to the Fourth Amended and Restated Memorandum and Articles of Association, which shall take effect on the date of registration of the solvency statement made under section 14A and the minute as required by the Companies Act (as revised) of the Cayman Islands, and (iii) an ordinary resolution to authorize the Company's directors, officers and agents to carry out the foregoing. The Meeting Notice had been furnished on January 5, 2026 to the Securities and Exchange Commission under cover of a Form 6-K and timely disseminated to shareholders and holders of the Company's American depositary shares prior to the meeting.

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 is one of the leading providers of new energy asset operation services. The Company utilizes advanced technology to intelligently match charging supply with demand, offering electric vehicle users a seamless, efficient, and smart charging experience. Furthermore, NaaS empowers charging stations and charging station operators to optimize their operations, driving greater efficiency and enhancing profitability.

For investor and media inquiries, please contact:

Investor Relations
NaaS Technology Inc.
E-mail: ir@enaas.com

Media inquiries:
E-mail: pr@enaas.com

View original content:https://www.prnewswire.com/news-releases/naas-technology-inc-announces-results-of-extraordinary-general-meeting-on-january-23-2026-302668964.html

SOURCE NaaS Technology Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did NaaS (NAAS) shareholders approve on January 23, 2026?

Shareholders approved (i) a par value amendment to US$0.000001, (ii) restatement of the memorandum and articles to the Fourth Amended and Restated version, and (iii) authorization for directors to implement the changes.

How does the par value change affect NaaS's authorized and issued share capital?

Following the approved amendment, the authorized and issued share capital is set at US$52,000.

When does the Fourth Amended and Restated Memorandum and Articles of NaaS (NAAS) take effect?

The amendment takes effect on the date of registration of the required solvency statement under section 14A and the related minute under the Cayman Islands Companies Act (as revised).

Did NaaS (NAAS) notify the SEC about the extraordinary general meeting?

Yes. The Meeting Notice was furnished to the SEC on January 5, 2026 via Form 6-K and was disseminated to shareholders and ADS holders prior to the meeting.

Who is authorized to carry out the approved corporate changes at NaaS (NAAS)?

The company authorized its directors, officers and agents to carry out the approved amendments and related actions.