RISE Education Cayman

NaaS Technology, Inc. operates as an electric vehicle charging service provider. The firm maintains the largest EV charging network in China in terms of the charging volume transacted through its charging network for third-party charging station operators, and the number of public DCFCs (direct current fast charger with 30kW power output or more) connected to its network. The company was founded by Zhen Dai and Yang Wang and is headquartered in Beijing, China.

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NaaS Technology, Inc. engages in the provision of electric vehicle charging services. The firm maintains an EV charging network in China through its charging network for third-party charging station operators, and the number of public DCFCs (direct current fast charger with 30kW power output or more) connected to its network. The company was founded by Zhen Dai and Yang Wang on July 16, 2013 and is headquartered in Beijing, China.

NaaS Technology Inc

BEIJING, March 27, 2023 (GLOBE NEWSWIRE) -- NaaS Technology Inc. (“NaaS” or the “Company”) (Nasdaq: NAAS), one of the largest and fastest growing electric vehicle charging service providers in China, today reported its adjusted unaudited financial results for the quarter and six months ended June 30, 2022.

NaaS Technology Inc. Reports Adjusted Unaudited 2022 Second Quarter and Interim Financial Results

New York, March 21, 2023 (GLOBE NEWSWIRE) -- Wang Yang, the founder and CEO of NaaS Technology Inc. (NASDAQ: NAAS), has been selected as the recipient of the "2023 Ernst & Young Asia-Pacific Successful Female Entrepreneur" award amongst 15 finalists, becoming one of the five outstanding female entrepreneurs from China to receive this honor.

UPDATE - Wang Yang, Founder and CEO of NaaS Technology Inc., is awarded the "2023 Ernst & Young Asia-Pacific Successful Female Entrepreneur" award.

Headline: Wang Yang, Founder and CEO of NaaS Technology Inc., is awarded the "2023 Ernst & Young Asia-Pacific Successful Female Entrepreneur" award.

BEIJING, Aug. 22, 2022 (GLOBE NEWSWIRE) -- NaaS Technology Inc. (“NaaS” or the “Company”) (NASDAQ: NAAS), one of the largest and fastest growing electric vehicle charging service providers in China, today announced its unaudited financial results for the quarter and six months ended June 30, 2022.

NaaS Technology Inc. Reports Unaudited 2022 Second Quarter and Interim Financial Results

News that its merger was closing today sent the stock to the stratosphere.

Why RISE Education Stock Skyrocketed Today

BEIJING , June 10, 2022 /PRNewswire/ -- RISE Education Cayman Ltd ("RISE" or the "Company") (NASDAQ: REDU) announced that it expects to close the merger between RISE and Dada Auto Inc. ("NaaS") previously announced on February 8, 2022 (the "Transaction") after the close of trading hours for the Nasdaq Stock Market later today. As a result of the Transaction, RISE will change its corporate name to "NaaS Technology Inc." and its ticker to "NAAS.

RISE Education Announces Expected Timing for the Completion of the Merger with Dada Auto Inc.

Rise Education (REDU) stock is seeing a massive 400% gain on Friday but it's not the positive news that some traders might think it is. The post Why Is Rise Education (REDU) Stock Up 400%?

Why Is Rise Education (REDU) Stock Up 400%?

BEIJING , June 1, 2022 /PRNewswire/ -- RISE Education Cayman Ltd ("RISE" or the "Company") (NASDAQ: REDU) today announced its plan to change the number of the Company's shares represented by each American Depositary Share ("ADS") from two (2) shares per ADS to ten (10) shares per ADS (the "Ratio Change"). The effective date of the Ratio Change is expected to be June 10, 2022.

RISE Education Announces ADS Ratio Change

BEIJING , April 6, 2022 /PRNewswire/ -- RISE Education Cayman Ltd ("RISE" or the "Company") (Nasdaq: REDU) today announced that it has received a letter from the Listing Qualifications Department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that its continued non-compliance with Nasdaq Listing Rule 5450(a)(1), which requires maintenance of a minimum closing bid price of US$1.00 per share, could serve as an additional basis for the delisting of the Company's securities from Nasdaq. The Company was previously granted a 180-day grace period to regain compliance with the minimum bid price requirement on September 27, 2021, which expired on March 28, 2022.

RISE Education Receives Nasdaq Notification Regarding Minimum Bid Price Compliance

BEIJING, April 4, 2022 /PRNewswire/ -- RISE Education Cayman Ltd ("RISE" or the "Company") (NASDAQ: REDU) today announced that it will hold an extraordinary general meeting of shareholders (the "EGM") at Room 101, Jia He Guo Xin Mansion, No. 15 Baiqiao Street Guangqumennei, Dongcheng District, Beijing 100062, People's Republic of China, on Friday, April 29, 2022 at 10:00 a.m.

RISE Education to Hold Extraordinary General Meeting of Shareholders on April 29, 2022

BEIJING, March 10, 2022 /PRNewswire/ -- RISE Education Cayman Ltd (NASDAQ: REDU) (the "Company") announced today that it received a letter from the Nasdaq Stock Market LLC informing it of a favorable decision from the Nasdaq Hearings Panel to grant the Company's request for continued listing on the Nasdaq Stock Market through June 30, 2022, subject to certain conditions, which include that on or before the same date, the Company shall have completed the previously announced proposed business combination with Dada Auto Inc. ("NaaS"), a leading operation and technology provider serving China's electric vehicle charging market, evidenced compliance with all applicable initial listing criteria for The Nasdaq Capital Market as required by Listing Rule 5505, and achieved other interim milestones with respect to obtaining shareholder approval of the business combination and completing financial audits of both the Company and NaaS by a specified date. The Company thanks the Nasdaq Stock Market and intends to comply with the aforementioned conditions.

RISE Education Receives Decision from the Nasdaq Hearings Panel for Conditional Continued Listing

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BEIJING, Feb. 8, 2022 /PRNewswire/ -- RISE Education Cayman Ltd (NASDAQ: REDU) (the "Company") and Data Auto Inc. ("NaaS"), a leading operation and technology provider serving China's electric vehicle ("EV") charging market, today announced that they have entered into a definitive Agreement and Plan of Merger (the "Merger Agreement"), pursuant to which the shareholders of NaaS will exchange all of the issued and outstanding share capital of NaaS for newly issued shares of the Company on the terms and conditions set forth therein in a transaction exempt from the registration requirements under the Securities Act of 1933 (the "Transaction"). Upon consummation of the Transaction, NaaS will become a wholly-owned subsidiary of the Company.

RISE Education Cayman Ltd Enters into a Definitive Merger Agreement with Dada Auto Inc., an Innovative Technology Solutions Provider to China's Electric Vehicle Charging Market

BEIJING, Jan. 18, 2022 /PRNewswire/ -- RISE Education Cayman Ltd (the "Company") (NASDAQ: REDU) today announced that on January 11, 2022, the Company was notified by the Listing Qualifications department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") that the Staff had determined to delist the Company's securities unless the Company timely requested a hearing before a Nasdaq Hearings Panel (the "Panel"). The Staff's determination was based upon its conclusion that the Company is a "public shell" as that term is defined in Nasdaq Listing Rule 5101 as the result of the Company's sale of substantially all of its assets on December 30, 2021, as well as the Company's failure to timely file its interim balance sheet and income statement for the period ended June 30, 2021 with the Securities and Exchange Commission (the "SEC").

RISE Education Cayman Ltd Receives Nasdaq Notice of Non-compliance and Non-binding Proposal for Business Combination

BEIJING, Dec. 30, 2021 /PRNewswire/ -- RISE Education Cayman Ltd ("RISE" or the "Company") (NASDAQ: REDU), today announced that it has closed its previously announced sale (the "Sale"), in which, the Company has sold (i) all of the equity interests in Rise (Tianjin) Education Information Consulting Co., Ltd. to Wuhan Xinsili Culture Development Co., Ltd.

RISE Education Announces Closing of the Sale of Rise (Tianjin) Education Information Consulting Co., Ltd., RISE Education International Limited and Rise IP (Cayman) Limited

BEIJING, Dec. 23, 2021 /PRNewswire/ -- RISE Education Cayman Ltd ("RISE" or the "Company") (NASDAQ: REDU), today announced the results of the Company's extraordinary general meeting of shareholders (the "EGM") held in Beijing today. At the EGM, shareholders, through a special resolution, approved the sale (the "Sale") of (i) all of the equity interests in Rise (Tianjin) Education Information Consulting Co., Ltd.

RISE Education Cayman Ltd Announces Results of the Extraordinary General Meeting on December 23, 2021

BEIJING, Dec. 6, 2021 /PRNewswire/ -- RISE Education Cayman Ltd ("RISE" or the "Company") (NASDAQ: REDU), today announced that it will hold an extraordinary general meeting of shareholders (the "EGM") at Room 101, Jia He Guo Xin Mansion, No. 15 Baiqiao Street Guangqumennei, Dongcheng District, Beijing 100062, People's Republic of China, on Thursday, December 23, 2021 at 4:00 pm.

RISE Education Cayman Ltd to Hold an Extraordinary General Meeting on December 23, 2021

BEIJING, Dec. 1, 2021 /PRNewswire/ -- RISE Education Cayman Ltd ("RISE" or the "Company") (NASDAQ: REDU), today announced that on December 1, 2021, the Company, Wuhan Xinsili Culture Development Co., Ltd. (the "Buyer SPV"), Rise (Tianjin) Education Information Consulting Co., Ltd.

RISE Education Reaches Definitive Agreements for the Sale of Rise (Tianjin) Education Information Consulting Co., Ltd., RISE Education International Limited and Rise IP (Cayman) Limited

BEIJING, Nov. 22, 2021 /PRNewswire/ -- RISE Education Cayman Ltd (the "Company") (NASDAQ: REDU) today announced that Ernst & Young Hua Ming LLP ("EY") had resigned as the independent registered public accounting firm of the Company, effective November 19, 2021. EY's audit report on the Company's consolidated financial statements as of and for the year ended December 31, 2020 did not contain an adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles.

RISE Education Cayman Ltd Announces Resignation of Independent Registered Public Accounting Firm

BEIJING, Oct. 27, 2021 /PRNewswire/ -- RISE Education Cayman Ltd ("RISE" or the "Company") (NASDAQ: REDU), today announced that its board of directors (the "Board") has received a preliminary non-binding proposal letter (the "Proposal Letter"), dated October 18, 2021, from Ms. Lihong Wang, chairwoman of the Board and chief executive officer of the Company ("Ms.

RISE Education Announces Receipt of a Preliminary Non-Binding Proposal to Acquire Substantially All Assets of the Company

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BEIJING, Aug. 31, 2021 /PRNewswire/ -- RISE Education Cayman Ltd ("RISE" or the "Company") (NASDAQ: REDU), a leading education service provider that focuses on the development of cognitive and aptitude training for young children in China, today announced that Mr. Warren Wang has decided to resign from his role as the Company's Chief Financial Officer ("CFO") as of August 31, 2021 due to personal reasons.

RISE Education Announces Management Change

BEIJING, Aug. 16, 2021 /PRNewswire/ -- RISE Education Cayman Ltd ("RISE Education" or the "Company") (NASDAQ: REDU), a leading education service provider that focuses on the development of cognitive and aptitude training for young children in China, today announced that, in light of the recent regulatory developments, it has no current plan to publish a quarterly earnings release. The Company will provide further updates at an appropriate time if there is new development in the future.

RISE Education Provides Update on Quarterly Earnings Release

The stock price of RISE Education Cayman Ltd (NASDAQ: REDU) increased by over 9% during intraday trading. This is why it happened.

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