How were Hu Nan’s Nano Labs (NA) share amounts calculated?

The footnotes explain that the reported share amounts reflect a 2-to-1 share consolidation effective January 31, 2024, and a 10-to-1 share consolidation effective November 3, 2024, meaning historical holdings were adjusted to match the current capital structure.

Nano Labs director Hu Nan initial share report

Nano Labs Ltd director Hu Nan filed an initial ownership report detailing his Class A Common Stock position.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

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Form Type

Rhea-AI Filing Summary

Nano Labs Ltd director Hu Nan filed an initial ownership report detailing his Class A Common Stock position. The filing shows 386,339 shares held indirectly through Tong Qi Holding Ltd, associated with a Singapore trust structure, and 62,430 shares held directly in his own name.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Hu Nan

Role Director

Type	Security	Shares	Price	Value
holding	Class A Common Stock, par value $0.002 per share	--	--	--
holding	Class A Common Stock, par value $0.002 per share	--	--	--

Holdings After Transaction: Class A Common Stock, par value $0.002 per share — 386,339 shares (Indirect, By Tong Qi Holding Ltd); Class A Common Stock, par value $0.002 per share — 62,430 shares (Direct)

Footnotes (2)

F1. The amount of shares is calculated based on a 2-to-1 share consolidation on January 31, 2024, and 10-to-1 share consolidation on November 3, 2024
F2. Tong Qi Holding Ltd, a company incorporated in the British Virgin Islands, which is indirectly owned by the South Hu Trust, a trust established under the laws of the Republic of Singapore and the Trustee of the Trust is Vistra Trust (Singapore) Pte. Limited, in which Mr. HU NAN is the Settlor, Protector and the Investment manager.

FAQ

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

What does Nano Labs (NA) Form 3 filed by Hu Nan show?

The Form 3 shows Hu Nan’s initial ownership in Nano Labs Class A Common Stock, combining indirect holdings through Tong Qi Holding Ltd and direct holdings in his own name, establishing his baseline stake as a company director.

How many Nano Labs (NA) shares does Hu Nan hold indirectly?

Hu Nan is reported as having 386,339 Class A shares held indirectly through Tong Qi Holding Ltd, which is connected to the South Hu Trust in Singapore, where he serves as settlor, protector and investment manager under the trust structure.

How many Nano Labs (NA) shares does Hu Nan hold directly?

The filing lists 62,430 Class A Common Stock shares held directly by Hu Nan. This direct position is separate from his larger indirect holding through Tong Qi Holding Ltd and reflects shares registered in his own name on the company’s records.

What entities are involved in Hu Nan’s indirect Nano Labs (NA) holdings?

The indirect holdings run through Tong Qi Holding Ltd, a British Virgin Islands company, which is indirectly owned by the South Hu Trust in Singapore. Vistra Trust (Singapore) Pte. Limited acts as trustee, with Hu Nan as settlor, protector and investment manager.

Does the Nano Labs (NA) Form 3 show recent insider buying or selling?

No specific purchases or sales are identified; the entries are classified as holdings with unknown transaction codes. Form 3 primarily establishes an insider’s starting ownership position when they become subject to reporting, rather than detailing trading activity.

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

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Accepted by SEC EDGAR 03/11/2026 - 06:35 AM EDT

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Hu Nan

(Last)

(First)

(Middle)

ROOM 901, NO. 512 HAIYANG WEST ROAD

(Street)

PUDONG NEW AREA SHANGHAI

200124

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/11/2026

3. Issuer Name and Ticker or Trading Symbol
Nano Labs Ltd [ NA ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock, par value $0.002 per share	386,339⁽¹⁾	I	By Tong Qi Holding Ltd⁽²⁾
Class A Common Stock, par value $0.002 per share	62,430⁽¹⁾	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)

Explanation of Responses:

1. The amount of shares is calculated based on a 2-to-1 share consolidation on January 31, 2024, and 10-to-1 share consolidation on November 3, 2024

2. Tong Qi Holding Ltd, a company incorporated in the British Virgin Islands, which is indirectly owned by the South Hu Trust, a trust established under the laws of the Republic of Singapore and the Trustee of the Trust is Vistra Trust (Singapore) Pte. Limited, in which Mr. HU NAN is the Settlor, Protector and the Investment manager.

	/s/ NAN HU	03/11/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR