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Nano Labs Announces Results of Extraordinary General Meeting of Shareholders [Yahoo! Finance]

Nano Labs Ltd - Class A Ordinary Shares (NA) 
Company Research Source: Yahoo! Finance
circuit design company and product solution provider in China , announced today the results of the Company's Extraordinary General Meeting ("EGM") held on 10 A.M. on January 25, 2024 Beijing time ( 9 P.M. on January 24, 2024 , U.S. Eastern time). The proposals submitted for shareholder approval at the EGM have been approved. Specifically, the shareholders have passed resolutions: (1) to effect a share consolidation of two shares with a par value of US$0.0001 each in the Company's issued and unissued share capital be and are hereby consolidated into one share with a par value of US$0.0002 (the "Share Consolidation"), so that the authorized share capital of the Company is US$50,000 divided into 250,000,000 ordinary shares of par value of US$0.0002 each, comprising (i) 121,410,923 Class A ordinary shares of par value of US$0.0002 each, (ii) 28,589,078 Class B ordinary shares of par value of US$0.0002 each and (iii) 99,999,999 shares of a par value of US$0.0002 each of such class or cla Show less Read more
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