NaaS Technology Inc. entered into a Share Subscription Facility Agreement (SSFA) with TopLiquidity Management Limited on December 16, 2024. The agreement allows NaaS to request draw downs corresponding to up to 2.4 million ADSs, potentially increasing to 4.8 million ADSs at TopLiquidity's discretion.Under the SSFA, NaaS can issue ADSs to TopLiquidity at its discretion, with TopLiquidity obligated to purchase them. The purchase price is set at 90% of the 5-day Volume-Weighted Average Price. Draw downs are subject to adjustments based on trading volume and TopLiquidity's holdings limit of 19.9% of NaaS's outstanding shares.The SSFA is effective for 12 months from December 16, 2024, unless terminated earlier. ADSs will be issued under NaaS's shelf registration statement on Form F-3. This agreement provides NaaS with a flexible funding mechanism, potentially strengthening its financial position for future growth initiatives.

NaaS Technology Inc. entered into a Share Subscription Facility Agreement (SSFA) with TopLiquidity Management Limited on December 16, 2024. The agreement allows NaaS to request draw downs corresponding to up to 2.4 million ADSs, potentially increasing to 4.8 million ADSs at TopLiquidity's discretion.Under the SSFA, NaaS can issue ADSs to TopLiquidity at its discretion, with TopLiquidity obligated to purchase them. The purchase price is set at 90% of the 5-day Volume-Weighted Average Price. Draw downs are subject to adjustments based on trading volume and TopLiquidity's holdings limit of 19.9% of NaaS's outstanding shares.The SSFA is effective for 12 months from December 16, 2024, unless terminated earlier. ADSs will be issued under NaaS's shelf registration statement on Form F-3. This agreement provides NaaS with a flexible funding mechanism, potentially strengthening its financial position for future growth initiatives.