<p>Naas Technology Inc. has announced the entry into share subscription agreements with Newlink Envision Limited, Newlink Linkage Limited, and certain accredited investors for the private placement of 27,776,000,000 newly issued Class A ordinary shares at a price of US$0.001 per share, equivalent to US$3.6 per ADS. The total proceeds from the transaction amount to US$31.2 million. The issuance was conducted as an unregistered sale and approved by the company’s audit committee and board of directors. Following the completion of the transaction, Newlink and its affiliates collectively hold 54.0% of the company’s voting power. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Naas Technology Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-107049), on November 05, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here</p>

NAAS

<p>Naas Technology Inc. has announced a private placement of 27,776,000,000 newly issued Class A ordinary shares at $0.001 per share, totaling $31.2 million. The transaction was approved by the audit committee and board of directors, resulting in Newlink and its affiliates holding 54.0% of the company's voting power. This issuance was conducted as an unregistered sale.</p>

Naas Technology Announces $31.2 Million Private Share Sale