NaaS Technology Inc. Announces Completion of ADS Ratio Change
NaaS Technology Inc. Announces Completion of ADS Ratio Change
BEIJING, June 13, 2024 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NaaS) ("NaaS" or the Company"), the first U.S. listed EV charging service company in China, today announces that the previously announced change of the ratio (the "ADS Ratio") of its American depositary shares (the "ADSs") to its Class A ordinary shares has taken effect at the open of business on June 13, 2024 (U.S. Eastern Time).
2024年6月13日，NaaS Technology公司（納斯達克：NaaS）（“NaaS”或“公司”），中國第一家在美國上市的EV充電服務公司，宣佈之前公佈的其美國存托股份（ADSs）與其A類普通股之比率（“ADS Ratio”）的變更已於2024年6月13日（美國東部時間）開市時生效。
The change in the ADS Ratio, from one ADS to ten Class A ordinary shares to one ADS to 200 Class A ordinary shares, had the same effect as a one-for-twenty reverse ADS split. The exchange of one new ADS for every 20 previously-held ADSs occurred automatically upon effectiveness, with the previously-held ADSs cancelled and the new ADSs issued by JPMorgan Chase Bank, N.A., the depositary bank for the Company's ADS program.
ADS比率的變更，從一個ADS對應十股A類普通股變更爲一個ADS對應200股A類普通股，這與1:20的反向ADS拆分效果相同。每持有20股前期ADS將自動兌換爲1股新ADS，並由作爲公司ADS計劃的存託憑證銀行摩根大通銀行取消舊ADS併發行新ADS。
The Company also announces that it has received a letter from the staff of the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") dated June 13, 2024, indicating that for the last 30 consecutive business days, the closing bid price for the ADSs was below the minimum bid price of US$1.00 per share requirement set forth in Nasdaq Listing Rule 5450(a)(1). As a result of the change in the ADS Ratio, the ADS trading price is expected to increase proportionally and the Company expects to regain compliance with the minimum bid price requirement within the 180-calendar-day compliance period prescribed under Nasdaq Listing Rule 5810(c)(3)(A), although the Company can give no assurance in this regard.
公司還宣佈，自2024年6月13日開始，連續30個營業日，ADS的收盤買盤價低於納斯達克股票市場有限責任公司（“納斯達克”）5450(a)(1)納斯達克上市規則規定的每股1.00美元的最低買盤價格要求，並已收到納斯達克上市質量部員工於同日期發出的信函。由於ADS比率的變化，ADS交易價格預計將按比例增加，並預計公司將在納斯達克上市規則5810(c)(3)(A)所規定的180日日曆合規期內重新符合最低買盤價格要求，儘管公司在此方面不能保證。
About NaaS Technology Inc.
關於納斯技術公司
NaaS Technology Inc. is the first U.S. listed EV charging service company in China. The Company is a subsidiary of Newlinks Technology Limited, a leading energy digitalization group in China. The Company provides one-stop solutions to energy asset owners comprising charging services, energy solutions and new initiatives, supporting every stage of energy asset's lifecycle and facilitating energy transition.
納斯技術公司是中國第一家在美國上市的充電服務公司，是中國領先的能源數字化集團新聯科技有限公司的子公司。公司爲能源資產所有者提供一站式解決方案，包括充電服務、能源解決方案和新舉措，支持能源資產的各個階段，促進能源轉型。
For investor and media inquiries, please contact:
投資者和媒體諮詢，請聯繫：
Investor Relations
NaaS Technology Inc.
E-mail: ir@enaas.com
投資者關係
納斯技術公司
電子郵件：ir@enaas.com
Media inquiries:
E-mail: pr@enaas.com
媒體查詢：
電子郵件：pr@enaas.com
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SOURCE NaaS Technology Inc.
資料來源：NaaS科技公司。
譯文內容由第三人軟體翻譯。