HANGZHOU, China, July 28, 2023 /PRNewswire/ -- Nano Labs Ltd
(Nasdaq: NA) ("we," "the Company," or "Nano
Labs"), a leading fabless integrated circuit design company
and product solution provider in China, announced today that it has entered
into agreements with Mr. Jianping
Kong, our chairman and chief executive officer, and Mr.
Qifeng Sun, our vice chairman, along
with their respective affiliates, who together will provide
interest-free loans in the total amount of $10 million, to fund the Company's research and
development initiatives directed towards the advancement of
ASIC chips, smart-NICs, and vision computing chips.
The loans will become due on June 30,
2024.
About Nano Labs Ltd
Nano Labs Ltd is a leading fabless integrated circuit ("IC")
design company and product solution provider in China. Nano
Labs is committed to the development of high throughput
computing ("HTC") chips, high performance computing ("HPC") chips,
distributed computing and storage solutions, smart network
interface cards ("NICs") vision computing chips and distributed
rendering. Nano Labs has built a
comprehensive flow processing unit ("FPU") architecture which
offers solution that integrates the features of both HTC and HPC.
Nano Lab's Cuckoo series are one of
the first near-memory HTC chips available in the market with a
maximum bandwidth of approximately 2.27 Tbps, as well as one of the
first movers of the ASIC-based Grin mining market *.
For more information, please visit the Company's website at:
https://ir.nano.cn/.
*According to an industry report prepared by Frost &
Sullivan.
For investor inquiries, please contact:
Nano Labs Ltd
Email: ir@nano.cn
Ascent Investor Relations LLC
Ms. Tina Xiao
Tel: (917) 609-0333
Email: tina.xiao@ascent-ir.com
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SOURCE Nano Labs Ltd