NaaS CEO Wang Yang reports initial holdings
NaaS Technology Inc. director and Chief Executive Officer Wang Yang filed an initial ownership report listing existing equity interests.
Rhea-AI Filing Summary
NaaS Technology Inc. director and Chief Executive Officer Wang Yang filed an initial ownership report listing existing equity interests. She holds stock options over 713,600 and 32,441,600 Class A ordinary shares at exercise prices of US$0.00005 and US$0.00000305 per share, respectively. The filing also reports large indirect holdings of Class A, B, C and D ordinary shares through Newlink Envision Limited, Newlink Linkage Limited and Newlinks Technology Limited, with Wang Yang disclaiming beneficial ownership of many of these shares except for her proportionate pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Wang Yang
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock options | -- | -- | -- |
| holding | Stock options | -- | -- | -- |
| holding | Class A ordinary shares | -- | -- | -- |
| holding | Class B ordinary shares | -- | -- | -- |
| holding | Class C ordinary shares | -- | -- | -- |
| holding | Class D ordinary shares | -- | -- | -- |
Holdings After Transaction:
Stock options — 33,155,200 contracts (Direct);
Class A ordinary shares — 11,915,840,000 shares (Indirect, By Newlink Envision Limited and Newlink Linkage Limited);
Class B ordinary shares — 195,969,844 shares (Indirect, By Newlink Envision Limited and Newlinks Technology Limited);
Class C ordinary shares — 1,111,577,928 shares (Indirect, By Newlink Envision Limited and Newlinks Technology Limited);
Class D ordinary shares — 16,000,000 shares (Indirect, By Newlink Envision Limited)
Footnotes (11)
- F1. Consists of (i) 6,520,000,000 Class A ordinary shares of NaaS Technology Inc. (the "Issuer") held by Newlink Envision Limited ("Envision"), a wholly-owned subsidiary of Newlinks Technology Limited ("Newlinks") and (ii) 5,395,840,000 Class A ordinary shares of Issuer held by Newlink Linkage Limited ("Linkage"), representing the portion of the 6,400,000,000 Class A ordinary shares of the Issuer held by Linkage that corresponds to Newlinks' 84.31% equity interest in Linkage. Newlinks is 2.43% owned by Young King Luck Holding Limited, which is fully controlled and beneficially owned by the reporting person. The reporting person serves as a director of Newlinks.The reporting person disclaims beneficial ownership of the shares held by Newlinks, except to the extent of her pecuniary interest therein.
- F2. Each Class B ordinary share of the Issuer is convertible into one Class A ordinary share of the Issuer at any time by the holder thereof, subject to certain conditions.
- F3. Consists of (i) 37,848,450 Class B ordinary shares of the Issuer held by Newlinks and (ii) 158,121,394 Class B ordinary shares of the Issuer held by Envision. Based on shareholders' resolutions of Newlinks, the reporting person does not control any of the Class B ordinary shares of the Issuer held by Newlinks. Therefore, the reporting person disclaims beneficial ownership of the shares held by Newlinks, except to the extent of her pecuniary interest therein, if any.
- F4. Each Class C ordinary share of the Issuer is convertible into one Class A ordinary share of the Issuer at any time by the holder thereof, subject to certain conditions.
- F5. Consists of (i) 212,694,390 Class C ordinary shares of the Issuer held by Newlinks and (ii) 898,883,538 Class C ordinary shares of the Issuer held by Envision. Based on shareholders' resolutions of Newlinks, the reporting person controls 2.93% of the Class C ordinary shares of the Issuer held by Newlinks. Therefore, the reporting person disclaims beneficial ownership of the shares held by Newlinks, except to the extent of her pecuniary interest therein, if any.
- F6. Class D ordinary shares of the Issuer are not convertible into any Class A ordinary shares of the issuer or any other class of share issued by the Company.
- F7. Represents Class D ordinary shares of the Issuer held by Envision, which is wholly owned by Newlinks. The reporting person disclaims beneficial ownership of the shares held by Newlinks, except to the extent of her 2.43% proportionate pecuniary interest therein.
- F8. The stock options became exercisable in monthly installments of 44,800 shares for each month from November 15, 2023 through December 15, 2024, and a final installment of 86,400 shares on January 15, 2025.
- F9. The stock options became exercisable as to 18,720,000 Class A ordinary shares of Issuer on June 13, 2022, and 13,721,600 Class A ordinary shares of Issuer on June 28, 2023.
- F10. The exercise price of the stock option is US$0.00005 per share.
- F11. The exercise price of the stock option is US$0.00000305 per share.
Key Figures
Indirect Class A holdings: 11,915,840,000 Class A shares
Indirect Class B holdings: 195,969,844 Class B shares
Indirect Class C holdings: 1,111,577,928 Class C shares
+5 more
8 metrics
Indirect Class A holdings
11,915,840,000 Class A shares
Held by Newlink Envision Limited and Newlink Linkage Limited
Indirect Class B holdings
195,969,844 Class B shares
Attributed to Newlinks and Envision entities
Indirect Class C holdings
1,111,577,928 Class C shares
Held by Newlinks and Envision; partially controlled interest
Indirect Class D holdings
16,000,000 Class D shares
Held by Envision; not convertible into other classes
Option grant 1 size
713,600 underlying Class A shares
Stock options with vesting completed by January 15, 2025
Option grant 2 size
32,441,600 underlying Class A shares
Stock options exercisable since June 2022 and June 2023
Option exercise price 1
US$0.00005 per share
Exercise price for one stock option grant
Option exercise price 2
US$0.00000305 per share
Exercise price for another stock option grant
Key Terms
beneficial ownership, pecuniary interest, Class B ordinary shares, Class C ordinary shares, +2 more
6 terms
beneficial ownership financial
"The reporting person disclaims beneficial ownership of the shares held by Newlinks, except to the extent of her pecuniary interest therein."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"The reporting person disclaims beneficial ownership of the shares held by Newlinks, except to the extent of her pecuniary interest therein."
stock options financial
"The stock options became exercisable in monthly installments of 44,800 shares for each month from November 15, 2023 through December 15, 2024, and a final installment of 86,400 shares on January 15, 2025."
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
exercise price financial
"The exercise price of the stock option is US$0.00005 per share."
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Wang Yang’s Form 3 filing show for NaaS Technology Inc. (NAAS)?
Wang Yang’s Form 3 shows her initial ownership in NaaS Technology Inc., including stock options and indirect share interests. It details direct option awards over Class A shares and large indirect holdings in multiple share classes through Newlinks-related entities, with important beneficial ownership disclaimers.
What stock options does Wang Yang hold in NaaS Technology Inc.?
Wang Yang holds stock options over 713,600 Class A ordinary shares and 32,441,600 Class A ordinary shares. Footnotes state exercise prices of US$0.00005 per share and US$0.00000305 per share, with vesting completed in 2022–2025 and expirations in 2032 and 2033, respectively.
AI-generated analysis. How Rhea-AI works. Not financial advice.
