Organization and Nature of Operations

6 Months Ended

Jun. 30, 2025

Organization and Nature of Operations [Abstarct]

1. Organization and nature of operations

Nano Labs Ltd (“Nano Labs”), incorporated on January 8, 2021, is a holding company, as an exempted company with limited liability in the Cayman Islands. Nano Labs principally engages in fabless integrated circuit (“IC”) design and sale of product solutions by integrating its self-designed IC products. The Company started cryptocurrency value investment business at the end of 2024.

Prior to the incorporation of the Company, the Company’s business was carried out by Zhejiang Haowei Technology Co., Ltd. (“Zhejiang Haowei”) and its subsidiaries. Zhejiang Haowei was established by Mr. Jianping Kong, the principal shareholder, chairman and chief executive officer, in July 2019. Nano Labs underwent a series of onshore and offshore reorganizations, which were completed in September 2021 (the “Reorganization”).

Immediately before and after the Reorganization, the controlling shareholders of Zhejiang Haowei controlled Zhejiang Haowei and Nano Labs; therefore, for accounting purposes, the Reorganization is accounted for as a transaction of entities under common control. Accordingly, the accompanying unaudited consolidated financial statements have been prepared as if the current corporate structure had been in existence throughout the periods presented.

The Company does not conduct any substantive operations on its own but instead conducts its business operations through its subsidiaries. The Company’s major subsidiaries are as follows:

Name of subsidiaries	Date of incorporation	Place of incorporation	Ownership percentage			Principal activities
Zhejiang Haowei Technology Co., Ltd. (“Zhejiang Haowei”)	July 16, 2019	Hangzhou, China		100	%	Research and development of ICs
Zhejiang Nanomicro Technology Co., Ltd. (“Zhejiang Nanomicro”)	July 16, 2019	Hangzhou, China		100	%	Research and development of ICs
Zhejiang NanoBlock Technology Co., Ltd.	July 16, 2019	Hangzhou, China		100	%	Research and development of ICs
Zhejiang Ipollo Technology Co., Ltd.	August 18, 2020	Hangzhou, China		100	%	Distribution of products
Nano Labs HK Limited	September 8, 2020	Hong Kong		100	%	Investment
Nano Labs Inc	December 22, 2020	BVI		100	%	Investment
Zhejiang Weike Technology Co., Ltd. (“Zhejiang Weike”)	June 2, 2021	Hangzhou, China		100	%	Research and development of software
Ipollo Tech Inc	June 29, 2021	BVI		100	%	Investment
Nano Technology HK Limited	July 7, 2021	Hong Kong		100	%	Investment
Ipollo HK Limited	July 7, 2021	Hong Kong		100	%	Distribution of products
Zhejiang Metaverse Technology Co., Ltd.	August 12, 2021	Hangzhou, China		100	%	Investment
Ipollo Tech Ltd	October 27, 2021	Cayman		100	%	Investment
Haowei Technology (Shaoxing) Co., Ltd.	November 3, 2021	Shaoxing, China		100	%	Investment
Shenzhen Matamata Technology Co., Ltd.	November 17, 2021	Shenzhen, China		100	%	Distribution of products
Nano bit HK Limited (formerly Tsuki HK Limited）	November 18, 2021	Hong Kong		100	%	Investment
Tsuki Inc	January 7, 2022	United States		100	%	Distribution of products
Metaski (Shaoxing) Technology Co., Ltd.	January 13, 2022	Shaoxing, China		100	%	Distribution of products
Haoweiverse (Shaoxing) Technology Co., Ltd. (“Haoweiverse”)	January 13, 2022	Shaoxing, China		65	%	Plant and distribution of products
Metameta (Shaoxing) Technology Co., Ltd.	January 25, 2022	Shaoxing, China		100	%	Distribution of products
Ipolloverse HK Limited	May 18, 2022	Hong Kong		70	%	Research and development
Metaverse (Shaoxing) Technology Co., Ltd.	May 20, 2022	Shaoxing, China		100	%	Distribution of products
Ipolloverse Cayman Ltd	May 27, 2022	Cayman		70	%	Investment
Ipolloverse Tech Inc	May 30, 2022	BVI		70	%	Investment
Hangzhou Meta Technology Co., Ltd.	October 21, 2022	Hangzhou, China		100	%	Distribution of products

Nano Labs and its consolidated subsidiaries are collectively referred to herein as the “Company”, “we” and “us”, unless specific reference is made to an entity.

Nano Labs Ltd 6-K