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Nano Labs Ltd (Nasdaq: NA) successfully convened its Extraordinary General Meeting (EGM) on March 7, 2025, at 10:00 AM Beijing Time. After review and voting by shareholders, all proposed resolutions were duly approved.

The resolutions passed during the meeting include:

Increase in the Company’s authorized share capital;

Increase in the voting power of each Class B ordinary share from 15 votes per share to 30 votes per share;

Adoption of the Fifth Amended and Restated Memorandum and Articles of Association.

The successful conclusion of this EGM and the approval of the relevant resolutions will further optimize the company’s corporate governance structure and drive its long-term growth.

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Nano Labs Ltd (Nasdaq: NA) Successfully Held Extraordinary General Meeting

Feb. 21, 2025, Nano Labs Ltd (Nasdaq: NA) ("we," the "Company" or "Nano Labs") announced that it has entered into share subscription agreements (the "Subscription Agreements") with certain investors (the "Investors") to sell 913,714 Class A ordinary shares of the Company in a private placement (the "Private Placement"). The purchase price per Class A ordinary shares is US$6.46, and the aggregate purchase price of the Private Placement is approximately US$5.9 million (the "Aggregate Purchase Price"). The Aggregate Purchase Price will be satisfied in Bitcoin (BTC) and USDT. The shares are offered in a transaction not required to be registered under Section 5 of the Securities Act. The closing may take place in 10 business days, subject to customary closing conditions. Previously, the Company has secured investments from prominent institutions including FENBUSHI, Golden Forest, and Longling Capital.

In addition, the Company has recently increased its Bitcoin holdings. As of February 21, 2025, the Company holds a total of approximately 400 Bitcoins, with a current value of approximately US$40 million. The average acquisition cost of its Bitcoin holdings is approximately US$99,500 per BTC, inclusive of transaction fees.

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This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Nano Labs Announces Pricing of Unregistered Equity Securities Offering and Increase in Bitcoin Holdings to 400 BTC

Nano Labs Ltd today announced that its flagship AI inference device, YangTuo LLM workstation ("YangTuo"), has successfully completed the deployment of DeepSeek.

**DeepSeek: Pioneering a New Era of Multimodal Inference**

The DeepSeek large model, with its exceptional inference efficiency and robust multimodal generalization capability, supports hybrid inference across text, images, and speech. Its multi-version parameter design caters to a broad range of demands, from edge computing to high-end research, providing strong support for various application scenarios.

**YangTuo All-in-One Device: Efficient Deployment of 671B Models, Reshaping Edge Computing**

As a leading innovator in AI hardware, Nano Labs continues to advance cutting-edge technologies. Previously, the company launched the YangTuo All-in-One Device, an edge inference solution based on the open-source Llama model. Now, with the global adoption of DeepSeek, Nano Labs has successfully achieved efficient edge deployment of the 671B large model through its innovative hardware architecture and software optimizations. This breakthrough overcomes device computing limitations, delivering unprecedented inference performance to users.

**Key Advantages of the YangTuo All-in-One Device:**

Plug-and-Play, Rapid Deployment: Pre-installed with the DeepSeek model and optimization tools, ready to use without complex setup.

Flexible Expansion, Comprehensive Adaptability: Supports multi-GPU expansion, effortlessly accommodating models from 7B to 671B.

Intuitive Operation, Intelligent Switching: Users can seamlessly switch between different model scales, adapting to diverse application needs.

The YangTuo All-in-One Device not only represents the deep integration of AI hardware and models but also marks a significant advancement in AI inference efficiency and application diversity. By combining DeepSeek’s cutting-edge algorithms with advanced industrial design, Nano Labs provides a comprehensive solution—from computing power to intelligent enablement—for research institutions, enterprises, and developers. With this innovative product, users can easily harness ultra-large-scale models, unlocking AI’s limitless potential and driving the industry toward a new era of intelligent computing.

Nano Labs remains committed to AI hardware and computing power innovation, leveraging its globally leading R&D capabilities to empower the industry and shape the future of intelligent inference.

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Nano Labs Ltd (Nasdaq: NA) Successfully Held Extraordinary General Meeting

Nano Labs Announces Pricing of Unregistered Equity Securities Offering and Increase in Bitcoin Holdings to 400 BTC

Nano Labs' YangTuo LLM Workstation Successfully Completes DeepSeek Edge Deployment