HANGZHOU, China, Sept. 6, 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 entered into agreements with Mr. Jianping Kong, its chairman and chief executive officer, and Mr. Qifeng Sun, its vice chairman, along with their respective affiliates (the "Lenders") on September 5, 2023, to convert the interest-free loans from the Lenders in an aggregated amount of US$10 million (the "Loans") into certain amount of Class A ordinary shares (the "Conversion") in lieu of repayment of the Loans.
Read more at prnewswire.comNano Labs Enters into Agreements with Shareholders to Convert Loans into Ordinary Shares
PR Newswire - Press Release
All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here
/A%20concept%20image%20of%20a%20flying%20car_%20Image%20by%20Phonlamai%20Photo%20via%20Shutterstock_.jpg)
/A%20concept%20image%20of%20space_%20Image%20by%20Canities%20via%20Shutterstock_.jpg)
/Oracle%20Corp_%20office%20logo-by%20Mesut%20Dogan%20via%20iStock.jpg)