NaaS announces amendment to share incentive plan

NaaS Technology announces that it has amended and restated its previously adopted New 2022 Share Incentive Plan to expand the number of Class A ordinary shares available for grant of awards. This amendment was approved by the board of directors of the company and takes effect on June 19, 2023. Upon the amendment, the maximum total number of Class A ordinary shares of the Company underlying all awards, whether granted or available to be granted, under the Amended and Restated New 2022 Share Incentive Plan becomes 413,921,180 (from 271,762,423 immediately prior to the amendment) and will be increased on the first day of each fiscal year from January 1, 2024, by an amount equal to 1% of the total number of shares issued and outstanding on the last day of the immediately preceding fiscal year, unless otherwise determined by the board of directors of the company. No other substantive amendment was made to the previous New 2022 Share Incentive Plan.