Board reshuffle at NaaS Technology Inc. (NAAS) adds audit expert
Rhea-AI Filing Summary
NaaS Technology Inc. reported changes to its board of directors and management structure. Guangming Ren resigned as an independent director, chair of the audit committee, and member of both the compensation and corporate governance and nominating committees for personal reasons, effective August 20, 2025. The company stated his resignation was not due to any disagreement over operations, policies, or practices.
The company appointed Wei Zhang to fill all of Mr. Ren’s former roles on the board and its key committees, also effective August 20, 2025. The board determined that Mr. Zhang is independent under Nasdaq rules and qualifies as an “audit committee financial expert”, citing his education, nearly two decades of academic and executive experience, and finance-focused EMBA training.
The company highlighted Mr. Zhang’s technology and finance background as aligned with its strategic priorities and expressed appreciation for Mr. Ren’s years of service. The report also notes that it is incorporated by reference into the company’s existing Form F-3 registration statement.
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FAQ
What board changes did NaaS Technology Inc. (NAAS) disclose in this Form 6-K?
NaaS Technology Inc. disclosed that Guangming Ren resigned as an independent director, chair of the audit committee, and member of the compensation and corporate governance and nominating committees for personal reasons, effective August 20, 2025. Wei Zhang was appointed to replace him in all these roles, also effective August 20, 2025.
Did NaaS Technology Inc. indicate any disagreement behind Mr. Ren’s resignation?
The company stated that Mr. Ren’s resignation was not the result of any disagreement with NaaS Technology Inc. on matters related to its operations, policies, or practices.
Who is Wei Zhang, the new independent director at NaaS Technology Inc. (NAAS)?
Wei Zhang has nearly twenty years of academic and executive leadership experience in education, technology, and finance. He has served as a lecturer at Zhuhai College of Jilin University, a general manager and senior executive at technology and education companies, and is chairman of Cicada Technology (Xi'an) Co., Ltd. He holds degrees in materials science, computer science, and two EMBAs, and is a Ph.D. candidate in computer science.
Is Wei Zhang considered independent and financially qualified under Nasdaq and SEC rules?
The board determined that Wei Zhang is independent under Nasdaq Listing Rule 5605(a)(2). It also determined that he qualifies as an “audit committee financial expert” under Item 407(d)(5) of Regulation S-K and meets the financial sophistication requirements of Nasdaq Rule 5605(c)(2)(A).
Which board committees will Wei Zhang serve on at NaaS Technology Inc.?
Wei Zhang will serve as an independent director, the chairperson of the audit committee, and a member of the compensation committee and the corporate governance and nominating committee, filling the positions vacated by Mr. Ren.
How is this Form 6-K used in NaaS Technology Inc.’s existing SEC registration?
This Form 6-K, including its exhibit, is incorporated by reference into NaaS Technology Inc.’s Form F-3 registration statement (File No. 333-273515) and becomes part of that registration statement from the date it is furnished, unless later superseded.
Does this Form 6-K from NaaS Technology Inc. contain forward-looking statements?
Yes. The document states it includes forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995, identified by terms such as “will,” “expects,” and “believes.” It notes that actual results may differ materially due to various factors, including NaaS’ strategies, industry growth, competition, regulatory policies, and general economic conditions.