Nano Labs Commemorates Mr. Donald Trump's Presidency with Purchase of 47 $Trump Tokens

HONG KONG, Jan. 21, 2025 /PRNewswire/ -- Nano Labs Ltd (Nasdaq: NA) ("Nano Labs" or the "Company"), a leading fabless integrated circuit design company and product solution

China-based Nano Labs Ltd (NASDAQ: NA), a fabless integrated circuit design company, has announced the purchase of 47 $Trump tokens on the Solana blockchain. The average transaction price was around $24 per token, inclusive of transaction fees. This commemorative purchase celebrates Mr. Donald Trump's election as the 47th President of the United States and reflects the Company's appreciation for his supportive stance toward the cryptocurrency industry.

Nano Labs has made this acquisition as a gesture of support for Mr. Trump's presidency and his administration's policies, which, in the Company's view, have been favorable to the development and adoption of cryptocurrencies. The Company believes that these tokens will serve as a valuable addition to its corporate collection and will help to further engage Nano Labs with the diverse values within the industry's development.

This announcement is solely a factual disclosure and should not be construed as investment advice by any means. 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.* For more information, please visit the Company's website at: https://ir.nano.cn/.

* According to an industry report prepared by Frost & Sullivan.

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, the Company's plan to appeal the Staff's determination, which can be identified by terminology such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control, which may cause the Company's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

For investor inquiries, please contact:

Nano Labs Ltdir@nano.cn

Ascent Investor Relations LLCTina Xiao

Phone: +1-646-932-7242

Email: investors@ascent-ir.com

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