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Nano Labs is pleased to announce that its Founder and Chairman, Dr. Kong Jianping, has been officially reappointed by the Financial Secretary of the Hong Kong Special Administrative Region, Mr. Paul Chan, as a member of the Task Force on Promoting Web3 Development. The new term will commence on July 1, 2025, and run through June 30, 2027.

Since its establishment in 2023, the Task Force has played a key role in shaping policy recommendations and fostering the sustainable development of Hong Kong’s Web3 ecosystem. Chaired by the Financial Secretary himself, the Task Force brings together representatives from the government, financial regulatory bodies, and the broader market.

As an active advocate in the Web3 space, Dr. Kong Jianping is not only the founder of Nano Labs Ltd. (Nasdaq: NA), but also serves as a Board Member of Hong Kong Cyberport and a Member of the Review Tribunal on Anti-Money Laundering and Counter-Terrorist Financing. Dr. Kong continues to contribute thought leadership across various public affairs and Web3-related initiatives.

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Nano Labs Announces Reappointment of Dr. Kong Jianping to Hong Kong's Task Force on Promoting Web3 Development

Hong Kong, June 26, 2025 (Global Newswire) — Nano Labs Ltd (Nasdaq: NA) (“the Company” or “Nano Labs”), a leading provider of Web 3.0 infrastructure and product solutions in China, today announced that it has entered into a securities purchase agreement with certain institutional investors. Under the agreement, the Company will issue and sell 5,952,381 Class A ordinary shares (the “Ordinary Shares”) in a registered direct offering. Concurrently, in a private placement, the Company has also agreed to issue and sell warrants to purchase up to an additional 5,952,381 Ordinary Shares.

Gross proceeds from the registered direct offering and concurrent private placement are expected to be approximately US$50 million, before deducting placement agent fees and other estimated offering expenses payable by the Company.

The net proceeds from the offering and potential warrant exercises will be used to acquire BNB (Binance Coin) as part of the Company’s digital asset strategy.

The offering is expected to close on or around June 27, 2025, subject to customary closing conditions.

Previously, the Company entered into a convertible note investment agreement totaling US$500 million with investors and has accumulated over 1,000 bitcoins to date.

![微信图片_20250627105226.png](/uploads/20250627105226_5ee4d8d615.png)


Nano Labs Secures $50 Million Financing Deal to Advance BNB Strategic Reserve

Hong Kong, China – June 24, 2025 (Global Newswire) — Nano Labs Ltd. (Nasdaq: NA) (“the Company” or “Nano Labs”), a leading provider of Web 3.0 infrastructure and product solutions in China, today announced that it has entered into a Convertible Note Subscription Agreement (the “Agreement”) with a group of investors. Under the Agreement, the Company has agreed to issue, and the investors have agreed to subscribe for, convertible promissory notes (the “Notes”) with an aggregate principal amount of USD 500 million.

![微信图片_20250625105245.png](/uploads/20250625105245_75d1334342.png)

The Notes will mature 360 days from the date of issuance and will bear no interest prior to maturity. During the term of the Notes (within 360 days from the issuance date), the holders may elect to convert all or a portion of the outstanding principal into Class A ordinary shares of the Company (the “Ordinary Shares”). The initial conversion price is set at USD 20 per Ordinary Share, subject to adjustments in accordance with the terms of the Notes. If not converted prior to maturity, the Company will repay the entire outstanding principal amount on the maturity date. The Notes represent the Company’s unsecured general obligations.

The closing of the transaction is subject to customary closing conditions. There is no assurance that the transaction will be completed in whole or in part, and investors should not place undue reliance on the information contained in this press release.

The execution of the Agreement marks a significant step in the Company’s strategic growth plan. As part of this strategy, Nano Labs will conduct a comprehensive evaluation of the security and value of BNB. In the initial phase, the Company intends to acquire BNB valued at USD 1 billion through this private placement of convertible notes. In the long term, Nano Labs aims to hold between 5% and 10% of BNB’s total circulating supply.

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Nano Labs Announces Reappointment of Dr. Kong Jianping to Hong Kong's Task Force on Promoting Web3 Development

Nano Labs Secures $50 Million Financing Deal to Advance BNB Strategic Reserve

Nano Labs Announces $500 Million Private Placement of Convertible Promissory Notes for Strategic BNB Reserve