NaaS to implement ADS ratio change
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 14 2025
0mins
ADS Ratio Change Announcement: NaaS plans to change the ratio of its American Depositary Shares (ADS) from one ADS to 800 Class A ordinary shares to one ADS to 3,200 Class A ordinary shares, effectively a one-for-four reverse ADS split.
Regulatory Filing and Effective Date: A post-effective amendment will be filed with the SEC to reflect this change, which is expected to take effect around July 30.
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About NAAS
Naas Technology Inc, formerly RISE Education Cayman Ltd, is a holding company. The Company offers one-stop electric vehicle (EV) charging solutions to charging stations and support them through every stage of the station lifecycle. The Company mainly provides three solutions. Online EV charging solutions provide an integrated set of online solutions to charging stations that mainly includes mobility connectivity services. Offline EV charging solutions offer a range of offline solutions to charging stations, ranging from site selection, hardware procurement, engineering, procurement and construction (EPC) station maintenance, energy storage, to customer support. Innovative and other solutions deliver electricity procurement services and a virtual power plant platform to facilitate the construction of a modern energy system. The Company also provides a prototype of autonomous charging robot for future unmanned driving scenarios and to realize an autonomous charging network.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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