UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 1)*

 

 

 

Nano Labs Ltd

(Name of Issuer)

 

 

 

Class A Ordinary Shares, par value of $0.0002 per share
(Title of Class of Securities)

 

G6391Y110

(CUSIP Number)

 

 

 

December 31, 2023

(Date of Event which Requires Filing of this Statement)

 

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)

 

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

  

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

 

 

SCHEDULE 13G

 

CUSIP No. G6391Y110

 

1.

Names of Reporting Persons.

 

Nan Hu

2.

Check the Appropriate Box if a Member of a Group (See Instructions).

 

(a) o (b) o

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization

 

People’s Republic of China

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power

 

4,542,748 Class A Ordinary Shares (See Item 4)

6.

Shared Voting Power

 

0

7.

Sole Dispositive Power

 

4,542,748 Class A Ordinary Shares (See Item 4)

8.

Shared Dispositive Power

 

0

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

4,542,748 Class A Ordinary Shares (See Item 4)

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

o

11.

Percent of Class Represented by Amount in Row (9)

 

6.4% (assuming conversion of all outstanding Class B Ordinary Shares into the same number of Class A Ordinary Shares) (See Item 4)

14.

Type of Reporting Person (See Instructions)

 

IN

       

2

 

 

SCHEDULE 13G

 

CUSIP No. G6391Y110

 

1.

Names of Reporting Persons.

 

Tong Qi Holding Ltd

2.

Check the Appropriate Box if a Member of a Group (See Instructions).

 

(a) o (b) o

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization

 

British Virgin Islands

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power

 

3,863,389 Class A Ordinary Shares (See Item 4)

6.

Shared Voting Power

 

0

7.

Sole Dispositive Power

 

3,863,389 Class A Ordinary Shares (See Item 4)

8.

Shared Dispositive Power

 

0

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

3,863,389 Class A Ordinary Shares (See Item 4)

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

o

11.

Percent of Class Represented by Amount in Row (9)

 

5.5% (assuming conversion of all outstanding Class B Ordinary Shares into the same number of Class A Ordinary Shares) (See Item 4)

14.

Type of Reporting Person (See Instructions)

 

CO

       

3

 

 

Item 1(a).Name of Issuer:

 

Nano Labs Ltd.

 

Item 1(b).Address of Issuer’s Principal Executive Offices:

 

China Yuangu Hangang Technology Building

509 Qianjiang Road, Shangcheng District

Hangzhou, Zhejiang

People’s Republic of China

 

Item 2(a).Name of Person Filing:

 

Nan Hu

Tong Qi Holding Ltd

 

Item 2(b).Address of Principal Business Office, or, if none, Residence:

 

Nan Hu

China Yuangu Hangang Technology Building

509 Qianjiang Road, Shangcheng District

Hangzhou, Zhejiang

People’s Republic of China

 

Tong Qi Holding Ltd

Vistra Corporate Services Centre

Wickhams Cay II, Road Town Tortola, VG1110

British Virgin Islands

 

Item 2(c).Citizenship:

 

Nan Hu - People’s Republic of China

Tong Qi Holding Ltd - British Virgin Island

 

Item 2(d).Title of Class of Securities:

 

Class A ordinary shares, par value US$0.0002 per share (“Class A Ordinary Shares”).

 

The Issuer’s ordinary shares consist of Class A Ordinary Shares and Class B ordinary shares, par value US$0.0002 per share (the “Class B Ordinary Shares”). Each holder of Class A Ordinary Shares is entitled to one vote per share and each holder of Class B Ordinary Shares is entitled to 15 votes per share. Class B Ordinary Shares are convertible at any time by the holder into Class A Ordinary Shares on a one-for-one basis, while Class A Ordinary Shares are not convertible into Class B Ordinary Shares under any circumstances.

 

Item 2(e).CUSIP No.:

 

G6391Y110

 

CUSIP number G6391Y110 has been assigned to the Class A Ordinary Shares of the issuer, which are quoted on the Nasdaq Global Market under the symbol “NA.”

 

Item 3.If this statement is filed pursuant to §§ 240.13d-1(b), or 240.13d -2(b) or (c), check whether the persons filing is a:

 

Not applicable

 

 

4

 

 

Item 4.Ownership

 

The following information with respect to the ownership of the Class A Ordinary Shares by each of the reporting persons is provided as of December 31, 2023:

 

Reporting person  Amount
beneficially
owned
  

Percent of
class1

   Sole power
to vote or
direct the
vote
   Shared
power to
vote or to
direct the
vote
   Sole power
to dispose
or to
direct the
disposition of
   Shared
power to
dispose or to
direct the
disposition of
 
Nan Hu   4,542,7482    6.4%   4,542,748    0    4,542,748    0 
Tong Qi Holding Ltd   3,863,3893    5.5%   3,863,389    0    3,863,389    0 

 

 

1Pursuant to Rule 13d-3(d)(1), all Class B Ordinary Shares (which are convertible into Class A Ordinary Shares) were deemed to be converted for the purpose of (i) determining the aggregate amount of Class A Ordinary Shares beneficially owned by the Reporting Persons and (ii) calculating the percentages of the Class A Ordinary Shares beneficially owned by the Reporting Persons. The percentage of the class of securities beneficially owned by each Reporting Person is calculated based on a total of 70,516,380 issued and outstanding ordinary shares (consisting of 41,927,302 Class A Ordinary Shares and 28,589,078 Class B Ordinary Shares) of the Issuer as of December 31, 2023 as a single class. In computing the percentage ownership of the Reporting Persons, we have included, where applicable, shares that the Reporting Persons have the right to acquire within 60 days, including through the exercise of any option, warrant, or other right or the conversion of any other security, after December 31, 2023.
2Representing (1) 3,863,389 Class A Ordinary Shares held of record by Tong Qi Holding Ltd and (2) 679,359 Class A Ordinary Shares also held by Nanometa Ltd., which were granted to Nan Hu and had become vested and distributable to Nan Hu as of December 31, 2023.
33,863,389 Class A Ordinary Shares held by Tong Qi Holding Ltd. Mr. an Hu is the beneficial owner and sole director of Tong Qi Holding Ltd.

 

Item 5.Ownership of Five Percent or Less of a Class

 

Not applicable

 

Item 6.Ownership of More than Five Percent on Behalf of Another Person

 

Not applicable

 

Item 7.Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person

 

Not applicable

 

Item 8.Identification and Classification of Members of the Group

 

Not applicable

 

Item 9.Notice of Dissolution of Group

 

Not applicable

 

Item 10.Certifications

 

Not applicable

 

5

 

 

SIGNATURES

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Date: February 5, 2024

 

  Nan Hu
   
  By: /s/ Nan Hu

 

  Tong Qi Holding Ltd
   
  By: /s/ Nan Hu
    Name:  Nan Hu
    Title: Director

 

6

 

 

LIST OF EXHIBITS

 

Exhibit 99.1 – Joint Filing Agreement dated February 5, 2024, by and among the Reporting Persons

 

 

7

 

Exhibit 99.1

 

JOINT FILING AGREEMENT

 

In accordance with Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree (i) to the joint filing, on behalf of each of them, of a statement on Schedule 13G (including amendments thereto) with respect to Class A ordinary shares par value of $0.0002 per share of Nano Labs Ltd, a Cayman Islands company; and (ii) that this agreement be included as Exhibit 99.1 to such joint filing. The undersigned acknowledge that each shall be responsible for the timely filing of any amendments to such joint filing and for the completeness and accuracy of the information concerning him or it contained herein and therein, but shall not be responsible for the completeness and accuracy of the information concerning the others.

 

[Execution page follows.]

 

 

 

 

IN WITNESS WHEREOF, the undersigned have executed this agreement.

 

Date: February 5, 2024

 

  Nan Hu
   
  By: /s/ Nan Hu

 

  Tong Qi Holding Ltd
   
  By: /s/ Nan Hu
    Name:  Nan Hu
    Title: Director

 

 

-2-

 


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