NaaS Technology Inc. announced the successful completion of the transaction previously announced on February 8, 2022 between RISE Education Cayman Ltd. (RISE), the Company's predecessor, and Dada Auto Inc. (NaaS) (the Transaction). As announced on April 29, 2022, the Transaction and certain additional Transaction-related proposals were approved by RISE's shareholders at an extraordinary general meeting held on April 29, 2022 (the "GM). The Company, with its name changed to NaaS Technology Inc., continues to be listed on Nasdaq with its new ticker NAAS.

The Company's board of directors and management currently consist of the following members, effective immediately prior to the Closing in accordance with the Merger Agreement: Mr. Lei Zhao, previously the chief financial officer of NaaS, has been appointed the chief financial officer of the Company.