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Nano Labs Announces Results of Annual General Meeting of Shareholders
Globenewswire· 2025-12-30 13:00
Core Viewpoint - Nano Labs Ltd has successfully held its Annual General Meeting, where several key proposals were approved by shareholders, including share consolidation and re-designation, share sub-division, and an increase in voting rights for Class B shares [1][2][3]. Group 1: Shareholder Resolutions - The shareholders approved a share consolidation of every ten shares with a par value of US$0.002 into one share with a par value of US$0.02, contingent upon the closing price falling below US$1.00 for 30 consecutive trading days [1]. - Following the share consolidation, the re-designation of shares was approved, converting 0.9 Undesignated Shares into Class A ordinary shares and 0.1 Undesignated Shares into Class B ordinary shares, with an authorized share capital of US$4,200,000 divided into 210,000,000 shares [1]. - A share sub-division was authorized, converting every one share with a par value of US$0.002 into ten shares with a par value of US$0.0002, contingent upon the closing price exceeding US$100.00 for 30 consecutive trading days [2]. - The increase in votes per Class B ordinary share from 30 to 50 was approved, along with the amendment of the Company's memorandum and articles of association to reflect this change [3]. Group 2: Company Overview - Nano Labs Ltd is recognized as a leading provider of Web 3.0 infrastructure and product solutions, 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, positioning itself actively in the crypto assets space with BNB as its primary reserve asset [4]. - Nano Labs has established an integrated platform covering multiple business verticals, including HTC and HPC solutions, and holds reserves in mainstream cryptocurrencies such as BNB and BTC [4].