BEIJING, June 5, 2023 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq:NAAS) ("NaaS" or the "Company") today announced that Newlinks Technology Limited ("Newlinks"), the controlling shareholder who holds about 73.82% issued and outstanding shares of the Company, has agreed not to sell or transfer any ADSs, ordinary shares or similar securities (the "Restricted Securities") for a period of 180-day lock-up period beginning on June 5, 2023, subject to certain customary exceptions, as a demonstration of confidence in the long term value of the Company. The foregoing restrictions shall not apply to transactions by Newlinks whereby the unit price of the Restricted Securities involved equals or is equivalent to US$15.00 per ADS or above, representing a market value of about US$3.3 billion or above.