SCHEDULE 13G/A 0001104659-25-004282 0002052559 XXXXXXXX LIVE 1 Class A Ordinary Shares, par value $0.01 per share 03/31/2025 0001712178 NaaS Technology Inc. 62955X102 NEWLINK CENTER, AREA G, BLDG. 7,HUITONG, TIMES SQUARE, NO.1 Beijing F4 100024 Rule 13d-1(c) Timeswell LLC CA 348260000.00 0.00 348260000.00 0.00 348260000.00 N 7.25 CO Notes to Rows 5, 7 and 9: This represents 348,260,000.00 Class A ordinary shares in the form of 1,741,300 ADSs directly held by Timeswell LLC. Timeswell LLC is a limited liability company incorporated under the laws of the state of California and its registered business address is 2905 Stender Way, Suite 36, Santa Clara, CA 95054. Notes to Row 11: The percentage of the class of securities is based on a total of 4,802,246,843 ordinary shares issued and outstanding of the Issuer as of March 28, 2025 as a single class, including 3,494,699,071 Class A ordinary shares, 195,969,844 Class B ordinary shares and 1,111,577,928 Class C ordinary shares, as learned from the Issuer, which exclude (a) Class A ordinary shares issued to the Issuer's depositary bank for bulk issuance of ADSs reserved for future issuances (i) upon any sale of ADSs offered at the market (At-the-Market Offering) and (ii) upon the exercising or vesting of awards granted under the Issuer's share incentive plans; (b) ADSs issuable upon conversion of the convertible note issued to LMR Multi-Strategy Master Fund Limited (LMR) on October 16, 2024, pursuant to a convertible note exchange agreement dated October 4, 2024; and (c) ADSs that remain issuable as of the date hereof under the Share Subscription Facility Agreements dated December 16, 2024, and December 23, 2024, respectively. Chunyu Bao F4 348260000.00 0.00 348260000.00 0.00 348260000.00 N 7.25 IN Notes to Rows 5, 7 and 9: This represents 348,260,000.00 Class A ordinary shares in the form of 1,741,300 ADSs held by Timeswell LLC, which is wholly owned by Mr. Chunyu Bao. Notes to Row 11: The percentage of the class of securities is based on a total of 4,802,246,843 ordinary shares issued and outstanding of the Issuer as of March 28, 2025 as a single class, including 3,494,699,071 Class A ordinary shares, 195,969,844 Class B ordinary shares and 1,111,577,928 Class C ordinary shares, as learned from the Issuer, which exclude (a) Class A ordinary shares issued to the Issuer's depositary bank for bulk issuance of ADSs reserved for future issuances (i) upon any sale of ADSs offered at the market (At-the-Market Offering) and (ii) upon the exercising or vesting of awards granted under the Issuer's share incentive plans; (b) ADSs issuable upon conversion of the convertible note issued to LMR Multi-Strategy Master Fund Limited (LMR) on October 16, 2024, pursuant to a convertible note exchange agreement dated October 4, 2024; and (c) ADSs that remain issuable as of the date hereof under the Share Subscription Facility Agreements dated December 16, 2024, and December 23, 2024, respectively NaaS Technology Inc. NEWLINK CENTER, AREA G, BLDG. 7,HUITONG, TIMES SQUARE, NO.1 Beijing, F4, 100024 Each of the followings is hereinafter individually referred to as a "Reporting Person" and collectively as the "Reporting Persons." This statement is filed on behalf of: (1) Timeswell LLC (2) Chunyu Bao The business address of each of the Reporting Persons is c/o 2905 Stender Way, Suite 36, Santa Clara, CA 95054 (1) Timeswell LLC is organized under the laws of State of California, United States of America. (2) Mr. Chunyu Bao is a citizen of People's Republic of China. Y 348,260,000 This represents 348,260,000.00 Class A ordinary shares in the form of 1,741,300 ADSs directly held by Timeswell LLC. Timeswell LLC is wholly owned by Mr. Chunyu Bao. 7.25% The percentage of the class of securities is based on a total of 4,802,246,843 ordinary shares issued and outstanding of the Issuer as of March 28, 2025 as a single class, including 3,494,699,071 Class A ordinary shares, 195,969,844 Class B ordinary shares and 1,111,577,928 Class C ordinary shares, as learned from the Issuer, which exclude (a) Class A ordinary shares issued to the Issuer's depositary bank for bulk issuance of ADSs reserved for future issuances (i) upon any sale of ADSs offered at the market (At-the-Market Offering) and (ii) upon the exercising or vesting of awards granted under the Issuer's share incentive plans; (b) ADSs issuable upon conversion of the convertible note issued to LMR Multi-Strategy Master Fund Limited (LMR) on October 16, 2024, pursuant to a convertible note exchange agreement dated October 4, 2024; and (c) ADSs that remain issuable as of the date hereof under the Share Subscription Facility Agreements dated December 16, 2024, and December 23, 2024, respectively. 348,260,000 0.00 348,260,000 0.00 Y Y Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. Not applicable Timeswell LLC /s/ Chunyu Bao 05/13/2025 Chunyu Bao /s/ Chunyu Bao 05/13/2025