Nano Labs Announces Annual General Meeting

The proposed split authorizations depend on share-price thresholds rather than setting an immediate change to the share structure.

Rhea-AI Summary

Nano Labs (Nasdaq: NA) will hold its annual shareholder meeting on November 24, 2026, to seek authorization for conditional share splits. The meeting starts at 10 A.M. Beijing time in Hangzhou, equivalent to 9 P.M. U.S. Eastern time on November 23.

The proposed 1-for-10 share consolidation and related share re-designation would be conditional on the closing share price falling below US$1.00 for 30 consecutive trading days, or another period determined by the board. A proposed 10-for-1 share subdivision would be conditional on the closing price exceeding US$100.00 for 30 consecutive trading days, or another board-determined period. Each proposal requires effectiveness within one year of its resolution; neither split has a stated effective date. Shareholders will also vote on appointing MaloneBailey as independent auditor for the fiscal year ending December 31, 2026.

Positive

• None.

Negative

• Minor point. Forward-looking: it has not happened yet and may not happen.Proposed 1-for-10 consolidation requires authorization and a closing price below US$1.00 for 30 consecutive trading days, or another board-determined period.

News Explained

If approved and effective, the proposals would set authorized capital at 210 million shares after consolidation or 21 billion after subdivision; this includes 99,999,999 or 10 billion shares, respectively, in classes the board may determine.

Key Figures

Share consolidation ratio: 10 shares into 1 share Consolidation price condition: Below US$1.00 per share for 30 consecutive trading days Consolidation effective-date limit: Within one year from the date of the resolution +5 more

Share consolidation ratio

10 shares into 1 share

Proposed; subject to the stated price condition

Consolidation price condition

Below US$1.00 per share for 30 consecutive trading days

Proposed share consolidation

Consolidation effective-date limit

Within one year from the date of the resolution

Proposed share consolidation

Share sub-division ratio

1 share into 10 shares

Proposed; subject to the stated price condition

Sub-division price condition

Above US$100.00 per share for 30 consecutive trading days

Proposed share sub-division

Sub-division effective-date limit

Within one year from the date of the resolution

Proposed share sub-division

Record date

October 16, 2026

Determines shareholders entitled to notice of and to vote at the meeting

Annual meeting date

November 24, 2026

2026 Annual General Meeting of Shareholders

Key Terms

share consolidation, share sub-division, record date, par value

4 terms

share consolidation financial

"to authorize (a) a share consolidation of every ten shares"

Share consolidation is a process where a company reduces the total number of its shares by combining multiple existing shares into a smaller number of higher-value shares. This can make each share more expensive and potentially improve the company’s image. For investors, it often means their ownership remains the same, but the value of each share increases, which can influence how the stock is perceived and traded.

share sub-division financial

"to authorize a share sub-division of every one (1) share"

A share sub-division (often called a stock split) is when a company increases the number of its outstanding shares by dividing each existing share into multiple smaller ones, lowering the price per share while keeping the total value of an investor’s holdings the same. Think of cutting a pizza into more slices: you have more pieces but the pizza is unchanged. It matters because lower per-share prices can make trading easier, boost liquidity and investor demand, and change metrics like shares outstanding used in valuations.

record date financial

"as the record date for determining shareholders entitled to notice"

The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.

par value financial

"shares with a par value of US$0.002 each"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

HONG KONG, Oct. 12, 2026 (GLOBE NEWSWIRE) -- Nano Labs Ltd (Nasdaq: NA) (“we,” the “Company” or “Nano Labs”), a leading Web 3.0 infrastructure provider and crypto treasury company, today announced that it will hold its 2026 Annual General Meeting of Shareholders (the “2026 Annual Meeting”) at 10 A.M. on November 24, 2026, Beijing time (9 P.M. on November 23, 2026, U.S. Eastern time) in 12F, China Yuangu Hanggang Technology Building, 509 Qianjiang Road, Shangcheng District, Hangzhou, Zhejiang, 310000, People’s Republic of China. The Company has established the close of business on October 16, 2026, Eastern time (the “Record Date”), as the record date for determining shareholders entitled to notice of, and to vote at, the 2026 Annual Meeting and any adjournments or postponements thereof. The purpose of the 2026 Annual Meeting is:

	(1)		to authorize (a) a share consolidation of every ten shares with a par value of US$0.002 each in the Company’s issued and unissued share capital into one share with a par value of US$0.02 (the “Share Consolidation”) and (b) following the Share Consolidation, the re-designation of (i) 0.9 Undesignated Shares with a par value of US$0.02 each of such class or classes (however designated) (the “Undesignated Shares”) as Class A ordinary shares with a par value of US$0.02 each (“Class A Ordinary Shares”) and (ii) 0.1 Undesignated Shares as Class B ordinary shares with a par value of US$0.02 each (the “Class B Ordinary Shares”) (the “Share Re-designation”), subject to the condition that the closing price of the Company’s ordinary shares falls below US$1.00 per share for a consecutive period of 30 trading days (or such other period as the board may determine) and the effective date shall be within one year from the date of this resolution, assume that the Share Consolidation and the Share Re-designation become effective immediately, the authorized share capital of the Company shall be US$4,200,000 divided into 210,000,000 shares of par value of US$0.02 each, comprising (i) 109,714,110 Class A ordinary shares of a par value of US$0.02 each, (ii) 285,891 Class B ordinary shares of a par value of US$0.02 each, and (iii) 99,999,999 shares of a par value of US$0.02 each of such class or classes (however designated) as the board of directors of the Company (the “Directors”) may determine.
	(2)		to authorize a share sub-division of every one (1) share with a par value of US$0.002 each in the Company’s issued and unissued share capital into ten (10) shares with a par value of US$0.0002 each (the “Share Sub-division”), subject to the condition that the closing price of the Company’s ordinary shares exceed US$100.00 per share for a consecutive period of 30 trading days (or such other period as the board may determine) and the effective date shall be within one year from the date of this resolution, assume that the Share Sub-division become effective immediately, the authorized share capital of the Company shall be US$4,200,000 divided into 21,000,000,000 shares of par value of US$0.0002 each, comprising (i) 10,971,410,910 Class A ordinary shares of a par value of US$0.0002 each, (ii) 28,589,090 Class B ordinary shares of a par value of US$0.0002 each, and (iii)10,000,000,000 shares of a par value of US$0.0002 each of such class or classes (however designated) as the Directors may determine.
	(3)		to approve the appointment of MaloneBailey, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026.

Copies of the notice of the 2026 Annual Meeting and the form of proxy are available on the Company’s corporate investor relations website at https://ir.nano.cn. 

About Nano Labs Ltd

Nano Labs Ltd is a leading Web 3.0 infrastructure provider and crypto treasury company. Nano Labs has actively positioned itself in the crypto assets space, adopting BNB as its primary reserve asset. It has reserved in mainstream cryptocurrencies BNB, and committed to the product iPollo ClawPC A1 Mini, designed to support the OpenClaw AI Agent system and a broad range of applications, including gaming and entertainment, professional content creation, and intelligent office scenarios. For more information, please visit the Company’s website at: ir.nano.cn.

Forward-Looking Statements

This report 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 and media inquiries, please contact: 

Nano Labs Ltd
Email: ir@nano.cn

Ascent Investor Relations LLC

Tina Xiao 
Phone: +1-646-932-7242
Email: investors@ascent-ir.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What share splits will Nano Labs shareholders vote on at the 2026 annual meeting?

Shareholders will vote on a conditional 1-for-10 consolidation and a conditional 10-for-1 subdivision. The consolidation requires a closing price below US$1.00 for 30 consecutive trading days; the subdivision requires a closing price above US$100.00 for 30 consecutive trading days. The board may determine another period, and each split must become effective within one year of its resolution.

Who can vote at Nano Labs' 2026 annual meeting, and where are the proxy materials?

Shareholders entitled to notice and voting are determined at the close of business on October 16, 2026, Eastern time. This record date also applies to adjournments or postponements. Copies of the meeting notice and proxy form are available on the investor relations website at https://ir.nano.cn.