NaaS Technology and ZSY Reach Strategic Cooperation to Promote Financial Innovation and Develop New Energy Industry

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Sep 29, 2023, 05:40 ET

BEIJING, Sept. 29, 2023 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the first U.S. listed EV charging service company in China, today announced the strategic partnership with Shenzhen ZSY Financial Services Co. Ltd (ZSY). The parties will embark on cooperation in new energy industry financial innovation, new energy assets securitization and other aspects, further promoting the deep integration of new energy business and financial services, and boosting a low-carbon energy industry. Li Feng, ZSY Chairman, Wang Limin, Head of Beijing Region of ZSY; Dai Zhen, Founder and CEO of NewLink and Chairman of NaaS, Wang Yang, Founder and CEO of NaaS, and other executives have witnessed the signing ceremony.

The strategic partnership will bring about an integrated service platform equipped with the ability of asset management and technology services, thus realizing mutual empowerment of capital and industry, and jointly propelling the integration of "industry + Internet + finance + technology".

"New energy is one of ZSY's key industrial directions," Li Feng, ZSY Chairman commented, "Collaborating with NaaS will further upgrade ZSY's landscape in new energy industrial chain, and locate optimal path for the integration of financial capital and new energy industry. We hope to contribute to China's energy transformation in transportation with the support of diversified financial tools and solutions."

Wang Yang, Founder and CEO of NaaS, said, "ZSY enjoys a forward-looking strategy in the development of low-carbon energy. Together with ZSY, we are poised to provide financial solutions for a greener and low-carbon energy industry, and help improve the stability and efficiency of the global transport energy network."

This marks NaaS' another financial cooperation after its partnership with China Construction Bank (CCB) announced the other day, whereby CCB will offer integrated financial services support to NaaS and its parent company, NewLink, a world-leading energy IoT solution provider and China's largest digital energy asset operator.

NaaS' year-to-date fundraising has achieved a total of US$91 million, and involved notable investors such as Dr. Adrian Cheng. NaaS has also been included in the NASDAQ Golden Dragon China Index, making it one of nine new energy companies and the only EV charging service company to be part of this index.

Through the acquisition of Sinopower HK and Charge Amps this year, NaaS has made significant strides to the global energy market, aiming to become a leading player in the global new energy asset operation and management services market in the long term, serving about 20% of the global new energy assets.

About NaaS Technology Inc.

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 EV charging solutions to charging stations comprising online EV charging, offline EV charging and innovative and other solutions, supporting every stage of the station lifecycle. As of June 30, 2023, NaaS had connected over 652,000 chargers covering 62,000 charging stations, representing 41.5% and 49.2% of China's public charging market share respectively. On June 13, 2022, the American depositary shares of the Company started trading on Nasdaq under the stock code NAAS.

Safe Harbor Statement

This press release contains statements of a forward-looking nature. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as "will," "expects," "believes," "anticipates," "intends," "estimates" and similar statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. All information provided in this press release is as of the date hereof, and the Company undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.

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SOURCE NaaS Technology Inc.