Naas technology inc. announces us$30 million private placement of ordinary shares

Beijing , dec. 1, 2022 /prnewswire/ -- naas technology inc. (nasdaq: naas) (the "company"), one of the largest and fastest-growing electric vehicle charging service providers in china, is pleased to announce that the company entered into a share subscription agreement with an institutional investor on november 30, 2022. the investor has agreed to subscribe for and purchase from the company, through a private placement, a total of 57,570,524 newly issued class a ordinary shares of the company at a price of us$0.5211 per ordinary share, based on the volume-weighted average traded price of american depositary shares of the company on nasdaq for the 30 consecutive trading days immediately preceding the date of the agreement (adjusted to account for the 1:10 ads-to-share ratio), for a total purchase price of us$30 million.
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