Nano Labs announces results of annual general meeting

Nano Labs (NA) announced the results of the Company’s Annual General Meeting held at 10 A.M. on October 23, 2024, Beijing time. The proposals submitted for shareholder approval at the AGM have been approved. Specifically, the shareholders have passed the following resolutions: to effect a share consolidation of every ten shares with a par value of $0.0002 each in the Company’s issued and unissued share capital into one share with a par value of $0.002, so that immediately following the Share Consolidation and the share re-designation, the authorized share capital of the Company shall be $50,000 divided into 25,000,000 ordinary shares of par value of $0.002 each, comprising 12,141,093 Class A ordinary shares of par value of $0.002 each, 2,858,908 Class B ordinary shares of par value of $0.002 each, and 9,999,999 shares of a par value of $0.002 each of such class or classes as the board of directors of the Company may determine in accordance with the Company’s New M&A. to amend the Company’s memorandum and articles of association currently in effect by the adoption of a new memorandum and articles of association to reflect the Share Consolidation; and to approve the appointment of MaloneBailey as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024. The Share Consolidation will be effective from 5 P.M. on October 29, 2024, Eastern time.