NaaS Technology Inc. announced on August 30, 2024, that its subsidiary Dada Auto will sell its 89.999% stake in Sinopower Holdings International to China Newlink Holding Limited for RMB101.85 million. The deal includes the transfer of shares for RMB13.21 million in cash and the assignment of a RMB88.64 million shareholder loan.The share sale price is subject to adjustments based on Sinopower's future financial results. Payment will be made in installments, with RMB4.21 million due within two months and the remainder in three annual installments starting 2025. For the shareholder loan, Newlinks will issue a six-month promissory note with interest at the one-year LPR plus 2.35%.This transaction represents a significant divestment for NaaS Technology, potentially impacting its financial structure and future operations. The staggered payment schedule and the use of a promissory note suggest a structured approach to the deal, balancing immediate and long-term financial considerations.

NaaS Technology Inc. announced on August 30, 2024, that its subsidiary Dada Auto will sell its 89.999% stake in Sinopower Holdings International to China Newlink Holding Limited for RMB101.85 million. The deal includes the transfer of shares for RMB13.21 million in cash and the assignment of a RMB88.64 million shareholder loan.The share sale price is subject to adjustments based on Sinopower's future financial results. Payment will be made in installments, with RMB4.21 million due within two months and the remainder in three annual installments starting 2025. For the shareholder loan, Newlinks will issue a six-month promissory note with interest at the one-year LPR plus 2.35%.This transaction represents a significant divestment for NaaS Technology, potentially impacting its financial structure and future operations. The staggered payment schedule and the use of a promissory note suggest a structured approach to the deal, balancing immediate and long-term financial considerations.