NaaS Technology (NASDAQ: NAAS) OKs share par value cut at EGM
Rhea-AI Filing Summary
NaaS Technology Inc. reported that shareholders at an extraordinary general meeting in Langfang, Hebei Province approved all three resolutions presented. Investors backed a special resolution to change the par value of each authorized and issued share from US$0.01 to US$0.000001, so that the Company’s authorized and issued share capital becomes US$52,000. A second special resolution was approved to amend and restate the Company’s Third Amended and Restated Memorandum and Articles of Association as the Fourth Amended and Restated version, which will take effect on the date of registration of a Cayman Islands solvency statement and related minute. Shareholders also passed an ordinary resolution authorizing the Company’s directors, officers and agents to implement these changes.
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FAQ
What did NaaS Technology Inc. (NAAS) shareholders approve at the January 23, 2026 EGM?
Shareholders approved three resolutions: a change in the par value of each share, an update to the Memorandum and Articles of Association, and authorization for directors, officers and agents to carry out these changes.
How is NaaS Technology Inc. (NAAS) changing the par value of its shares?
Shareholders approved a special resolution to 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.
What corporate documents is NaaS Technology Inc. (NAAS) updating?
The company will amend and restate its Third Amended and Restated Memorandum and Articles of Association into the Fourth Amended and Restated Memorandum and Articles of Association, effective upon registration of a solvency statement and related minute in the Cayman Islands.
What authority did NaaS Technology Inc. (NAAS) directors receive from the EGM?
Shareholders passed an ordinary resolution authorizing the company’s directors, officers and agents to take actions necessary to implement the approved par value change and updated constitutional documents.
When and where was NaaS Technology Inc.’s extraordinary general meeting held?
The extraordinary general meeting was held on January 23, 2026 in Langfang, Hebei Province, China.
How were NaaS Technology Inc. (NAAS) shareholders notified about the extraordinary general meeting?
The meeting notice was furnished to the SEC under cover of a Form 6-K on January 5, 2026 and disseminated to shareholders and holders of American depositary shares before the meeting.