In the news release, Nano Labs Announces Results of
Extraordinary General Meeting of Shareholders, issued Jan-25-2024
by Nano Labs Ltd over PR Newswire, we are advised by the company
that the final paragraph should be "The Share Consolidation will be
effective from 5 P.M. on January 31,
2024, Eastern time." This was
inadvertently omitted in the original distribution. The complete,
corrected release follows:
Nano Labs Announces Results of Extraordinary General Meeting of
Shareholders
HANGZHOU, China, Jan. 30,
2024 /PRNewswire/ -- Nano Labs Ltd (Nasdaq: NA)
("we," "the Company," or "Nano
Labs"), a leading fabless integrated circuit design company
and product solution provider in China, announced today the results of the
Company's Extraordinary General Meeting ("EGM") held on
10 A.M. on January 25, 2024, Beijing time (9
P.M. on January 24, 2024, U.S.
Eastern time). The proposals submitted for shareholder approval at
the EGM have been approved. Specifically, the shareholders have
passed resolutions:
(1) to effect a share consolidation of two shares with a par
value of US$0.0001 each in the
Company's issued and unissued share capital be and are hereby
consolidated into one share with a par value of US$0.0002 (the "Share Consolidation"), so that
the authorized share capital of the Company is US$50,000 divided into 250,000,000 ordinary
shares of par value of US$0.0002
each, comprising (i) 121,410,923 Class A ordinary shares of par
value of US$0.0002 each, (ii)
28,589,078 Class B ordinary shares of par value of US$0.0002 each and (iii) 99,999,999 shares of a
par value of US$0.0002 each of such
class or classes (however designated) as the board of directors of
the Company may determine in accordance with the Company's New
M&A (as defined below).
(2) to amend the Company's memorandum and articles of
association currently in effect to reflect the Share Consolidation
(after the amendment, the "New M&A").
The Share Consolidation will be
effective from 5 P.M. on January 31,
2024, Eastern time.
About Nano Labs Ltd
Nano Labs Ltd is a leading fabless integrated circuit ("IC")
design company and product solution provider in China. Nano
Labs is committed to the development of high throughput
computing ("HTC") chips, high performance computing ("HPC") chips,
distributed computing and storage solutions, smart network
interface cards ("NICs") vision computing chips and distributed
rendering. Nano Labs has built a
comprehensive flow processing unit ("FPU") architecture which
offers solution that integrates the features of both HTC and HPC.
Nano Lab's Cuckoo series are one of
the first near-memory HTC chips available in the market with a
maximum bandwidth of approximately 2.27 Tbps, as well as one of the
first movers of the ASIC-based Grin mining market *.
For more information, please visit the Company's website at:
https://ir.nano.cn/.
*According to an industry report prepared by Frost &
Sullivan.
For investor inquiries, please contact:
Nano Labs Ltd
ir@nano.cn
Ascent Investor Relations LLC
Ms. Tina Xiao
Tel: +1-646-932-7242
Email: investors@ascent-ir.com
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SOURCE Nano Labs Ltd