Nano Labs Appoints Dr. Kailong Cai as CEO of Subsidiary Nano bit to Lead Global Crypto Reserve Strategy

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 [5] - The company has accumulated nearly US$170 million in mainstream digital currencies, including BNB and BTC, and has established an integrated platform covering multiple business verticals [5] Leadership Appointment - Dr. Kailong Cai has been appointed as the CEO of Nano bit HK Limited, a wholly-owned subsidiary of Nano Labs, responsible for driving strategic upgrades and overseeing global operations [1] - Dr. Cai is a renowned expert in crypto finance with a Ph.D. in finance and extensive experience in both Chinese and U.S. financial markets, including roles at Jasper Crypto Fund and Huobi Group [2][3] Strategic Vision - The appointment of Dr. Cai is expected to enhance Nano Labs' strategic reserves of core crypto assets and refine its asset-liability structure using capital market instruments [4] - The company aims to become a leading public cryptocurrency reserve company in Asia with global influence, providing investors with efficient and transparent access to crypto asset allocation [4]