We are a leading fabless integrated circuit, or IC, design company and product solution provider in China. (Incorporated in the Cayman Islands) 

We are committed to the development of high throughput computing, or HTC, chips, high performance computing, or HPC, chips, distributed computing and storage solutions, smart network interface cards, or NICs, vision computing chips and distributed rendering. We have built a comprehensive flow processing unit, or FPU, architecture, which offers a solution that integrates the features of both HTC and HPC. Moreover, our Cuckoo series is one of the first near-memory HTC chips available in the market with a maximum bandwidth of approximately 2.27 Tbps, as well as one of the first movers of the ASIC-based Grin mining market, according to the F&S report. In June 2021, we established IPOLLO PTE. LTD., our indirect wholly owned subsidiary in Singapore, to facilitate our business expansion in the overseas IC markets.

**Note: Please read the “Risk Factors” in the prospectus. From the cover of the prospectus: “We are exposed to legal and operational risks associated with our operations in China. The PRC government has significant authority to exert influence on the ability of a company with operations in China, including us, to conduct its business. Changes in China’s economic, political or social conditions or government policies could materially and adversely affect our business and results of operations.”

**Note: Revenue and net loss figures in the table below are in U.S. dollars for the year ended Dec. 31, 2021, according to the prospectus.

(Note: Nano Labs Ltd. priced its IPO on July 11, 2022, at $11.50 – near the top of its $11.35-to-$11.51 range – on the 1.77 million American Depositary Shares (ADS) in its prospectus to raise $20.36 million. The ADS are set to start trading July 12, 2022, on the NASDAQ. Nano Labs Ltd. cut its IPO by 45 percent in an F-1/A filing dated July 5, 2022; the SEC published the filing after the market’s close: The IPO’s size was reduced to 1.77 million American Depositary Shares (ADS), down from 3.5 million ADS, and the price range was raised to $11.35 to $11.51, up from $9.50 to $11.50. The IPO’s estimated proceeds are now $20.23 million, down 45 percent from the $36.75 million under the previous terms. in Nano Labs Ltd. filed terms for its IPO in an F-1/A dated June 29, 2022: 3.5 million American Depositary Shares (ADS) at a price range of $9.50 to $11.50. Each ADS equals two Class A ordinary shares. Nano Labs filed its F-1 (prospectus) on June 10, 2022; confidential IPO paperwork was filed with the SEC on Sept. 9, 2021.)