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NaaS Technology Inc. (Nasdaq: NAAS) plans huge share capital boost

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(Neutral)
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Form Type
6-K

Rhea-AI Filing Summary

NaaS Technology Inc. has called an extraordinary general meeting on April 29, 2026 in Langfang, China, where shareholders will vote on a major increase in authorized share capital. The proposal would raise authorized capital from US$52,000 (52,000,000,000 shares) to US$369,200 (369,200,000,000 shares), including 365,300,000,000 Class A ordinary shares.

Shareholders of record as of April 3, 2026 may vote in person or by proxy, while holders of American depositary shares, each representing 3,200 Class A ordinary shares, must vote through JPMorgan Chase Bank, N.A., the ADS depositary.

Positive

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Insights

NaaS seeks approval for a very large increase in authorized shares.

NaaS Technology Inc. is asking shareholders to approve an increase in authorized share capital from 52,000,000,000 to 369,200,000,000 shares, mainly by expanding the Class A ordinary share pool to 365,300,000,000 shares. This change adjusts the company’s capacity to issue equity in the future.

The resolution does not itself issue new shares or raise capital; it enlarges the ceiling on what could be issued later. Any future share issuances and their terms would need separate decisions and could affect existing holders depending on size, pricing, and structure.

Shareholder approval at the April 29, 2026 extraordinary general meeting is required for the change to take effect. ADS holders participate indirectly through JPMorgan Chase Bank, N.A., which passes on their voting instructions based on the underlying Class A ordinary shares.

Current authorized share capital US$52,000 (52,000,000,000 shares) Noted existing capital before proposed increase
Proposed authorized share capital US$369,200 (369,200,000,000 shares) Target level after Increase of Share Capital
Proposed Class A authorization 365,300,000,000 Class A ordinary shares Part of new authorized share structure
Existing Class A authorization 48,100,000,000 Class A ordinary shares Within current US$52,000 authorized capital
ADS to share ratio 1 ADS = 3,200 Class A ordinary shares Voting and ownership structure for ADS holders
EGM date and time April 29, 2026, 10:30 AM Beijing time Scheduled extraordinary general meeting
Record date April 3, 2026 Determines shareholders entitled to vote at EGM
extraordinary general meeting regulatory
"NaaS Technology Inc. to Hold Extraordinary General Meeting on April 29, 2026"
authorized share capital financial
"the authorized share capital of the Company is US$52,000, divided into 52,000,000,000 shares"
The maximum number of shares a company is legally allowed to issue according to its governing documents. Think of it as the size of the blank checkbook a company keeps for selling ownership stakes: it sets an upper limit but does not mean all shares are in circulation. Investors care because a larger authorized amount makes it easier for the company to raise money or grant stock-based pay, which can dilute existing holdings and affect control and value per share.
Class A Ordinary Shares financial
"48,100,000,000 Class A Ordinary Shares of a par value of US$0.000001 each"
Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.
American depositary shares financial
"Holders of the ADSs at the close of business on April 3, 2026"
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.
Form of Proxy regulatory
"This Form of Proxy is furnished in connection with the Extraordinary General Meeting"
A form of proxy is the official document shareholders use to give someone else instructions or authority to vote their shares at a company meeting when they cannot or choose not to attend. Like filling out a ballot and designating a trusted friend to cast it for you, it lets investors influence board elections, mergers, executive pay and other key decisions without being physically present, so timely review can affect control and value of your investment.

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 6-K

 

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of April 2026

 

Commission File Number: 001-38235

 

 

 

NaaS Technology Inc.

(Registrant’s Name)

 

 

 

Newlink Center, Area G, Building 7, Huitong Times Square,

No.1 Yaojiayuan South Road, Chaoyang District, Beijing, China

(Address of Principal Executive Offices)

 

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F ☒ Form 40-F ☐

 

 

 

 

 

 

EXHIBIT INDEX

 

Exhibit No.   Description
99.1   Press Release – NaaS Technology Inc. to Hold Extraordinary General Meeting on April 29, 2026
99.2   Notice of Extraordinary General Meeting
99.3   Form of Proxy

 

1

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  NaaS Technology Inc.
       
  By :

/s/ Steven Sim

  Name : Steven Sim
  Title : Chief Financial Officer

 

Date: April 2, 2026

 

2

 

Exhibit 99.1

 

NaaS Technology Inc. to Hold Extraordinary General Meeting on April 29, 2026

 

BEIJING, April 2, 2026 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) (“NaaS” or the “Company”), the first U.S.-listed EV charging service company in China, today announced that it will hold an extraordinary general meeting of shareholders (the “EGM”) at 10:30 AM Beijing time on April 29, 2026 at Conference Room 5, 2/F Arcadia International Hotel, No. 83 Xiangyun Road, Developing Area, Langfang City, Hebei Province, People’s Republic of China, for the purposes of considering and, if thought fit, passing each of the proposed resolutions set forth in the notice of the EGM (the “EGM Notice”). The EGM Notice, which contains details of these proposed resolutions, and the form of proxy cards for the EGM are available on the Company’s investor relations website at https://ir.enaas.com and are also being furnished today on a Form 6-K to the U.S. Securities and Exchange Commission (“SEC”). The Board of Directors of the Company fully supports the proposed resolutions set out in the EGM Notice and recommends that shareholders and holders of the Company’s American depositary shares (“ADSs”) vote in favor of these resolutions.

 

Holders of record of the Company’s ordinary shares at the close of business on April 3, 2026 (Cayman Islands time) are entitled to attend and vote at the EGM and any adjournment or postponement thereof. Holders of the ADSs at the close of business on April 3, 2026 (New York City time) who wish to exercise their voting rights for the underlying Class A ordinary shares must act through the depositary of the Company’s ADS program, JPMorgan Chase Bank, N.A.

 

Shareholders and ADS holders may access the Company’s public filings free of charge at the Company’s investor relations website https://ir.enaas.com, and on the SEC’s website http://www.sec.gov.

 

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.

 

 

 

 

Safe Harbor Statement

 

This press release contains statements of a forward-looking nature. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as “will,” “expects,” “believes,” “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 occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: NaaS’ goals and strategies; its future business development, financial conditions and results of operations; its ability to continuously develop new technology, services and products and keep up with changes in the industries in which it operates; growth of China’s EV charging industry and EV charging service industry and NaaS’ future business development; demand for and market acceptance of NaaS’ products and services; NaaS’ ability to protect and enforce its intellectual property rights; NaaS’ ability to attract and retain qualified executives and personnel; the COVID-19 pandemic and the effects of government and other measures that have been or will be taken in connection therewith; U.S.-China trade war and its effect on NaaS’ operation, fluctuations of the RMB exchange rate, and NaaS’ ability to obtain adequate financing for its planned capital expenditure requirements; NaaS’ relationships with end-users, customers, suppliers and other business partners; competition in the industry; relevant government policies and regulations related to the industry; and fluctuations in general economic and business conditions in China and globally. Further information regarding these and other risks is included in NaaS’ filings with the SEC.

 

For investor and media inquiries, please contact:

 

Investor Relations

NaaS Technology Inc.

E-mail: ir@enaas.com

 

Media inquiries:

E-mail: pr@enaas.com

 

 

 

Exhibit 99.2

 

NAAS TECHNOLOGY INC.

 

(Incorporated in the Cayman Islands with limited liability)

(Nasdaq Ticker: NAAS)

________

 

NOTICE OF EXTRAORDINARY GENERAL MEETING

to be held on April 29, 2026

(or any adjourned or postponed meeting thereof)

 

NOTICE IS HEREBY GIVEN that an extraordinary general meeting (the “EGM”) of NaaS Technology Inc. (the “Company”) will be held at Conference Room 5, 2/F Arcadia International Hotel, No. 83 Xiangyun Road, Developing Area, Langfang City, Hebei Province, the People’s Republic of China on April 29, 2026 at 10:30 AM (Beijing time), and at any adjourned or postponed meeting thereof, for the following purposes:

 

To consider and, if thought fit, pass the following resolutions:

 

IT IS NOTED THAT, the authorized share capital of the Company is US$52,000, divided into 52,000,000,000 shares comprising (i) 48,100,000,000 Class A Ordinary Shares of a par value of US$0.000001 each, (ii) 300,000,000 Class B Ordinary Shares of a par value of US$0.000001 each, (iii) 1,400,000,000 Class C Ordinary Shares of a par value of US$0.000001 each, (iv) 16,000,000 Class D Ordinary Shares of a par value of US$0.000001 each, and (v) 2,184,000,000 shares as such Class or series (however designated) as the Directors may determine in accordance with the memorandum and articles of association in effect.

 

IT IS FURTHER NOTED THAT, the management of the Company has proposed the following increase and variation of the Company’s authorized share capital (the “Increase of Share Capital”):

 

(i)the increase of additional US$317,200 authorized share capital;

 

(ii)the creation of an additional 317,200,000,000 Class A ordinary shares of a par value of US$0.000001 each;

 

such that following such increase and variation, the authorized share capital of the Company shall be US$369,200, divided into 369,200,000,000 shares comprising (i) 365,300,000,000 Class A Ordinary Shares of a par value of US$0.000001 each, (ii) 300,000,000 Class B Ordinary Shares of a par value of US$0.000001 each, (iii) 1,400,000,000 Class C Ordinary Shares of a par value of US$0.000001 each, (iv) 16,000,000 Class D Ordinary Shares of a par value of US$0.000001 each, and (v) 2,184,000,000 shares as such Class or series (however designated) as the Directors may determine in accordance with the articles of association in effect.

 

IT IS RESOLVED THAT, the Increase of Share Capital (i) be submitted to a general meeting of the Company’s shareholders for approval, and (ii) subject to the approval by the shareholders of the Company, be, and hereby is, approved and confirmed in all respects.

 

 

 

 

IT IS FURTHER RESOLVED THAT, subject to the approval by the shareholders of the Company, any Director or officer of the Company (each an “Authorized Signatory”) and the registered office provider of the Company be and hereby are authorized and approved to make the relevant filings, submissions, and applications to any applicable regulatory authorities and stock exchanges relating to the Increase of Share Capital and to pay for any fees in connection therewith, at such time and in the manner as such Authorized Signatory may consider appropriate.

 

In addition, the EGM will transact any other business properly brought before it.

 

The board of directors of the Company has fixed the close of business on April 3, 2026 (Cayman Islands time) as the record date (the “Record Date”) for determining the shareholders entitled to receive notice of, and to vote at, the EGM or any adjourned or postponed meeting thereof.

 

Holders of record of the Company’s ordinary shares at the close of business on the Record Date are entitled to attend the EGM and any adjourned or postponed meeting thereof. Holders of the Company’s American depositary shares (“ADSs”), each representing 3,200 Class A ordinary share, who wish to exercise their voting rights for the underlying Class A ordinary shares must act through JPMorgan Chase Bank, N.A., the depositary of the Company’s ADS program.

 

Shareholders and ADS holders may access the Company’s public filings free of charge at the Company’s investor relations website https://ir.enaas.com, and on the SEC’s website http://www.sec.gov.

 

  By Order of the Board of Directors,
  NaaS Technology Inc.
   
  /s/ Steven Sim
  Steven Sim
  Chief Financial Officer

 

Beijing

 

April 2, 2026

 

 

 

Exhibit 99.3

 

NAAS TECHNOLOGY INC.

 

(Incorporated in the Cayman Islands with limited liability)

(Nasdaq Ticker: NAAS)

 

––––––

 

FORM OF PROXY FOR EXTRAORDINARY GENERAL MEETING

to be held on April 29, 2026

(or any adjourned or postponed meeting thereof)

 

Introduction

 

This Form of Proxy is furnished in connection with the Extraordinary General Meeting of the Company (the “EGM”) to be held at Conference Room 5, 2/F Arcadia International Hotel, No. 83 Xiangyun Road, Developing Area, Langfang City, Hebei Province, the People’s Republic of China on April 29, 2026 at 10:30 AM (Beijing time), and at any adjourned or postponed meeting thereof. Holders of record of our ordinary shares at the close of business on April 3, 2026 (Cayman Islands time) (the “Record Date”) are entitled to attend the EGM and any adjournment or postponement thereof in person.

 

To be valid, this Form of Proxy must be completed, signed, and returned to the Company’s offices (to the attention of: Investors Relationship Department, (010) 8551 0808, Newlink Center, Area G, Building 7, Huitong Times Square, No. 1 Yaojiayuan South Road, Chaoyang District, Beijing)], as soon as possible so that it is received by the Company no later than 48 hours before the time of the EGM.

 

 

 

 

NAAS TECHNOLOGY INC.

 

(Incorporated in the Cayman Islands with limited liability)

(Nasdaq Ticker: NAAS)

 

––––––

 

FORM OF PROXY FOR EXTRAORDINARY GENERAL MEETING

to be held on April 29, 2026

(or any adjourned or postponed meeting thereof)

 

I/We, _____________________, of __________________________________________, the undersigned, being the registered holder of _____________ Class A ordinary shares, par value US$0.000001 per share, _____________ Class B ordinary shares, par value US$0.000001 per share, _____________ Class C ordinary shares, par value US$0.000001 per share, and _____________ Class D ordinary shares, par value US$0.000001 per share of NaaS Technology Inc. (the “Company”), hereby appoint the Chairman of the Extraordinary General Meeting as my/our proxy to attend and act for me/us at the Extraordinary General Meeting of the Company to be held at Conference Room 5, 2/F Arcadia International Hotel, No. 83 Xiangyun Road, Developing Area, Langfang City, Hebei Province, the People’s Republic of China (or at any adjourned or postponed meeting thereof), and in the event of a poll, to vote for me/us as indicated below, or if no such indication is given, as my/our proxy thinks fit.

 

    PROPOSALS  FOR
(Note)
   AGAINST
(Note)
   ABSTAIN
(Note)
 
1.  

As an ordinary resolution:

 

THAT the authorized share capital of the Company shall be US$369,200, divided into 369,200,000,000 shares comprising (i) 365,300,000,000 Class A Ordinary Shares of a par value of US$0.000001 each, (ii) 300,000,000 Class B Ordinary Shares of a par value of US$0.000001 each, (iii) 1,400,000,000 Class C Ordinary Shares of a par value of US$0.000001 each, (iv) 16,000,000 Class D Ordinary Shares of a par value of US$0.000001 each, and (v) 2,184,000,000 shares as such Class or series (however designated) as the Directors may determine in accordance with the articles of association in effect; and

 

            
2.  

As an ordinary resolution:

 

THAT (i) the Company give, make, sign, execute and deliver all such agreements, letters, notices, certificates, acknowledgements, instructions and other documents (whether of a like nature or not) in relation to the matters contemplated in the foregoing resolutions as may be considered necessary or desirable by any director or officer of the Company for the purpose of the coming into effect of or otherwise giving effect to, consummating or completing or procuring the performance and completion of all or any of the matters described in the foregoing resolutions, and (ii) any one director or officer or the registered office provider of the Company be and is hereby authorized to take any and every action that might be necessary, appropriate, or desirable to give effect to the foregoing resolutions as such director or officer or the registered office provider, in his/her/its absolute discretion, thinks fit, including but not limited to, attendance on any filing or registration procedures for and on behalf of the Company in the Cayman Islands. 

            

 

Dated ____________________, 202_

 

Signature(s) ____________________

 

 

 

FAQ

What is NaaS (NAAS) asking shareholders to approve at the April 29, 2026 EGM?

NaaS is asking shareholders to approve a substantial increase in its authorized share capital to US$369,200, divided into 369.2 billion shares. This mainly expands the Class A ordinary share authorization, giving the company more flexibility for potential future equity issuances.

How much will NaaS Technology Inc.’s authorized share capital increase if approved?

If approved, NaaS’ authorized share capital will rise from US$52,000 (52 billion shares) to US$369,200 (369.2 billion shares. The Class A ordinary share pool would grow to 365.3 billion shares, while the authorized amounts of Classes B, C and D remain unchanged.

When is the record date for NaaS (NAAS) shareholders to vote at the EGM?

The record date is the close of business on April 3, 2026 (Cayman Islands time). Holders of NaaS ordinary shares on that date may attend and vote at the April 29, 2026 extraordinary general meeting or any adjourned or postponed session.

How do NaaS (NAAS) ADS holders vote at the extraordinary general meeting?

Each NaaS American depositary share represents 3,200 Class A ordinary shares. ADS holders of record on April 3, 2026 must transmit voting instructions through JPMorgan Chase Bank, N.A., the ADS depositary, which then votes the underlying Class A ordinary shares accordingly.

Where will NaaS Technology Inc. hold its April 29, 2026 extraordinary general meeting?

The extraordinary general meeting will be held at Conference Room 5, 2/F Arcadia International Hotel, No. 83 Xiangyun Road, Developing Area, Langfang City, Hebei Province, People’s Republic of China, starting at 10:30 AM Beijing time on April 29, 2026.

What resolutions besides the share capital increase are proposed by NaaS (NAAS)?

Alongside the capital increase, shareholders will vote on authorizing directors, officers and the registered office provider to execute all documents and filings needed to implement the approved resolutions, including any required procedures in the Cayman Islands for the share capital changes.

Filing Exhibits & Attachments

3 documents