1. Nano Labs approved significant share consolidation and sub-division proposals. 2. Share consolidation requires stock price below $1 for 30 trading days. 3. Share sub-division requires stock price over $100 for 30 trading days. 4. Class B shares voting rights increased from 30 to 50 votes each. 5. Appointment of MaloneBailey, LLP as auditor approved for fiscal year 2025.
FAQ
Why Bullish?
The share consolidation can enhance share value perception, similar to past dilutive actions. Companies often experience positive stock movement post such restructuring.
How important is it?
The article's focus on structural changes and governance is crucial for investor sentiment.
Why Long Term?
These changes could lead to positive market sentiment and increased value over time, typically seen with successful restructurings.
Nano Labs Announces Results of Annual General Meeting
HONG KONG, Dec. 30, 2025 (GLOBE NEWSWIRE) -- Nano Labs Ltd (Nasdaq: NA), a prominent provider of Web 3.0 infrastructure and product solutions, has reported the outcomes of its Annual General Meeting (AGM) held on December 30, 2025, at 10 A.M. Beijing time (9 P.M. Eastern time, December 29, 2025). The AGM resulted in the approval of several significant shareholder proposals that are poised to impact the company’s financial structure and governance.
Shareholder Resolutions Approved
The resolutions approved by the shareholders at the AGM include the following key changes:
- Share Consolidation: A consolidation of every ten shares with a par value of US$0.002 into one share with a par value of US$0.02. This consolidation will be effective if the closing price of the Company's ordinary shares falls below US$1.00 for 30 consecutive trading days.
- Share Re-designation: Following the consolidation, 0.9 Undesignated Shares will be converted into Class A ordinary shares, while 0.1 Undesignated Shares will be classified as Class B ordinary shares.
- Share Sub-division: A sub-division of every one share with a par value of US$0.002 into ten shares with a par value of US$0.0002, contingent on the closing price exceeding US$100.00 for 30 consecutive trading days.
- Class B Share Vote Increase: The voting power of Class B ordinary shares will be increased from 30 to 50 votes per share.
- Amendment to Articles: Approval to amend and restate the company’s memorandum and articles of association to incorporate the changes in voting rights for Class B shares.
- Appointment of Auditor: Confirmation of MaloneBailey, LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025.
About Nano Labs Ltd
Nano Labs Ltd is at the forefront of Web 3.0 technology, specializing in high throughput computing (HTC) and high-performance computing (HPC). The company's innovative flow processing unit (FPU) architecture integrates both HTC and HPC features to deliver robust solutions. Furthermore, Nano Labs is strategically positioned in the cryptocurrency sector, utilizing BNB as its primary reserve asset while also holding reserves in mainstream cryptocurrencies such as BTC. The company also supports a comprehensive platform that spans various business verticals associated with HTC and HPC solutions.
Forward-Looking Statements
This announcement contains forward-looking statements as defined within the context of the U.S. Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. These statements involve uncertainties that may affect actual results. Investors are encouraged to consult the company’s filings with the Securities and Exchange Commission for more information regarding potential risks and uncertainties. Nano Labs Ltd does not assume any obligation to update forward-looking statements as conditions change.
Contact Information
For investor inquiries, please contact:
Nano Labs Ltd
Email: ir@nano.cn
Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com