CORRECTION: Press Release Announcing Purchased About US$50 Million BNB

Company Overview - Nano Labs Ltd is a leading Web 3.0 infrastructure and product solution provider in China, focusing on high throughput computing (HTC) and high performance computing (HPC) chips [4] - The company has developed a comprehensive flow processing unit (FPU) architecture that integrates features of both HTC and HPC [4] - Nano Labs has established Bitcoin as its primary reserve asset and is committed to Bitcoin value investment [4] Recent Developments - On July 3, 2025, Nano Labs announced the purchase of 74,315 Binance Coin (BNB) tokens for approximately US$50 million, at an average price of about US$672.45 per token [2][3] - Following this transaction, the company's cumulative reserve of mainstream digital currencies, including Bitcoin and BNB, has reached around US$160 million [2][3] - The acquisition marks a successful initial step in Nano Labs' strategic plan for BNB, with a commitment to increase BNB holdings over time [3] Strategic Plans - The company aims to evaluate the security and long-term value of BNB, with plans to acquire up to US$1 billion worth of BNB through convertible notes and private placements in the initial phase [3] - Over the long term, Nano Labs intends to hold 5% to 10% of BNB's total circulating supply [3]