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.
Read more at prnewswire.comNano Labs Announces Receipt of Interest-Free Loans from Shareholders
PR Newswire - Press Release
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