NaaS Technology Faces Nasdaq Warning for Delayed Annual Report Filing

May 22, 2025 | 08:00

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EV charging network provider receives non-compliance notice, vows swift action to meet reporting standards.

BEIJING, May 22, 2025 /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 received a Notice of Non-Compliance (the "Notice") from Nasdaq Stock Market LLC ("Nasdaq") on May 20, 2025, due to the late filing of its annual report on Form 20-F for the fiscal year ended December 31, 2024 (the "Annual Report").

The Notice indicates that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely submission of periodic financial reports to the U.S. Securities and Exchange Commission. This Notification has no immediate effect on the listing or trading of NaaS's securities on Nasdaq.

Pursuant to the Nasdaq Listing Rules, the Company has 60 calendar days from the date of the Notice to submit a compliance plan. If accepted by Nasdaq, NaaS may be granted an extension of up to 180 calendar days from the original due date of the Annual Report, or until November 11, 2025, to regain compliance.

NaaS is fully committed to addressing this matter promptly to regain compliance with Nasdaq's listing requirements. The Company is working diligently to complete and file its Annual Report as soon as reasonably practicable.

By PR Newswire

NaaS Technology Inc.

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