#China #Nano Labs #Hong Kong #Class B shares #Extraordinary General Meeting

Overview of Recent Developments at Nano Labs

Nano Labs Ltd, a prominent fabless integrated circuit design firm operating in China, recently conducted an extraordinary general meeting for its shareholders on March 7, 2025. This meeting was crucial as it addressed and approved significant company resolutions that aim to bolster its financial framework and corporate governance.

Key Resolutions Passed

During the meeting, shareholders reached a consensus on several key resolutions:
1. Increase in Share Capital: A resolution was passed to boost the share capital of Nano Labs. This move is expected to provide the company with the necessary resources to pursue further growth and innovation in chip design and solutions.
2. Voting Rights Enhancement: A paramount decision made was the increase in the voting power associated with Class B ordinary shares—escalating the votes per share from 15 to 30. This amendment is likely intended to align equity control with major stakeholders, ensuring a stronger influence in corporate decisions.
3. Adoption of Revised Memorandum and Articles: The shareholders also approved the adoption of The Fifth Amended and Restated Memorandum and Articles of Association, which will modernize and clarify the operational governance of the company.

About Nano Labs Ltd

Nano Labs is committed to pioneering developments in high throughput computing (HTC) and high performance computing (HPC) technologies. As a leading chip design firm, the company specializes in:

• - Development of advanced computing chips
• - Integrated solutions for distributed computing and storage
• - Smart network interface cards (NICs)
• - Vision computing chips that enhance processing capabilities for various applications

One of their flagship products, the Cuckoo series, stands out as one of the earliest near-memory HTC chips in the market, demonstrating Nano Labs' commitment to innovation and technology leadership.

Future Prospects

The decisions made during this extraordinary meeting mark a pivotal moment for Nano Labs as they navigate an increasingly competitive environment in the semiconductor industry. By effectively increasing share capital and voting rights, Nano Labs reinforces its strategic position while enabling future investments in research and development. This move is crucial to maintaining its competitive edge and ensuring that it is well-prepared to meet the evolving needs of the technology market.

Stakeholders and industry observers keenly await how these changes will translate into actionable growth strategies and operational advancements. As Nano Labs continues to expand its portfolio and strengthen its market position, the recent resolutions are indicative of a company poised for significant future achievements.

For more insights and ongoing updates on Nano Labs, visit the company’s investor relations page at ir.nano.cn.