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NAAS-News
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Newlinks Technology Signs Strategic Cooperation Agreement with Tencent Cloud
Newlinks Technology, the parent company of NaaS Technology, announced that it signed a strategic cooperation agreement with Tencent Cloud at the 2026 Tencent Global Digital Ecosystem Summit held in Shenzhen on October 29, 2026. Under the agreement, the two parties will collaborate in cloud services, artificial intelligence and the Energy Internet of Things, jointly exploring innovative applications of AI technology in the energy sector and advancing the evolution of energy digitalization toward intelligent operations. Held under the theme "Collective Intelligence and the Data Flywheel: Unleashing Productivity Across All Scenarios," the summit highlighted the practical path of AI agents evolving from individual productivity gains to enterprise-wide, full-scenario productivity. The collaboration with Tencent Cloud reflects the extension of AI capabilities into energy digitalization scenarios.
NaaS Files to Sell 37.38B Class A Ordinary Shares
NaaS files to sell 37.38B Class A ordinary shares for holders
NaaS Receives Non-Compliance Notice from Nasdaq
NaaS announced that it has received written notification from Nasdaq, notifying the company that it is currently not in compliance with the minimum market value of listing securities of $35M for continued listing of the company's Class A ordinary shares on the Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550. Nasdaq calculates the MVLS based upon the most recent total shares outstanding multiplied by the closing bid price.
NaaS Completes 21,000-Ton Carbon Credit Transaction with Kuaidian
NaaS announced that, in collaboration with its strategic partner Kuaidian, it has successfully completed a 21,000-ton carbon-inclusive credit transaction related to electric vehicle charging scenarios in Wuhan. Yubo Zhai, GM of sustainability at NaaS, stated, "China's electric vehicle charging market is expected to generate carbon assets on the scale of hundreds of thousands of tons in the coming years. NaaS is committed to strengthening our capabilities in green transportation carbon-inclusion. We will continue to optimize our carbon accounting models and digital platforms, and expand trading scenarios and partnership channels to support broader industry participation in the standardized development and efficient management of carbon assets."
NaaS to implement ADS ratio change
NaaS announced that that it plans to change the ratio of its American Depositary Shares to its Class A ordinary shares, par value $0.01 per share, from the current ADS Ratio of one ADS to 800 Class A ordinary shares to a new ADS Ratio of one ADS to 3,200 Class A ordinary shares. For the company's ADS holders, the change in the ADS Ratio will have the same effect as a one-for-four reverse ADS split. A post-effective amendment to the ADS Registration Statement on Form F-6 will be filed with the SEC to reflect the change in the ADS Ratio. The company anticipates that the change in the ADS Ratio will be effective on or about July 30.
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