Nano Labs Establishes Strategic Partnership with HashKey Group to Purchase Virtual Assets on HashKey Exchange

Hong Kong, December 5, 2024 – HashKey Group has announced a strategic partnership with Nano Labs Ltd (NASDAQ: NA, hereinafter referred to as Nano Labs). Under the agreement, the subsidiary of Nano Labs will open a trading account on HashKey Exchange and plans to invest in virtual assets to diversify its portfolio in the digital currency sector. The collaboration extends beyond digital asset trading and is expected to include Web3 technology development and blockchain ecosystem construction, fostering innovation and growth in the Web3 industry.

HashKey Exchange, the largest* licensed virtual asset trading platform in Hong Kong under HashKey Group, will provide Nano Labs with secure and professional trading services to ensure compliance in its investment activities, as well as a diverse range of investment options. This move signifies Nano Labs' further expansion into the virtual asset sector, following its announcement to purchase and hold $50 million worth of Bitcoin.

Nano Labs, a company providing fabless integrated circuit (IC) and product solutions, operates across high-throughput computing (HTC) chips, high-performance computing (HPC) chips, distributed computing and storage solutions, and 3D printing development.

Terence Pu, Managing Director of HashKey Exchange, stated: "We are delighted to establish this strategic partnership with Nano Labs. With its extensive experience in technology development and market expansion, Nano Labs brings a broad user base. This collaboration will not only provide enhanced virtual asset trading and investment opportunities for both parties' users but also accelerate the development of the Web3 industry."

Jack Kong, Director of Hong Kong Cyberport Management Company and Chairman of Nano Labs, commented: "Against the backdrop of favorable market trends, regulatory support, and increasing institutional adoption, Bitcoin is playing an increasingly critical role in the digital asset ecosystem. Our collaboration with HashKey Exchange will help Nano Labs further expand its virtual asset business, seize opportunities in the digital asset sector, and create greater value for shareholders."

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About HashKey Exchange

HashKey Exchange is dedicated to setting new benchmarks for compliance, fund security, and platform safety in virtual asset trading. Operated by Hash Blockchain Limited (HashKey Exchange), it is one of the first licensed retail virtual asset trading platforms in Hong Kong. It has obtained approvals from the Hong Kong Securities and Futures Commission (SFC) under the Securities and Futures Ordinance for Type 1 (Dealing in Securities) and Type 7 (Providing Automated Trading Services) licenses, as well as a license to operate a virtual asset trading platform under the Anti-Money Laundering Ordinance.

As the flagship business of HashKey Group, HashKeyExchange provides one-stop virtual asset trading services for professional investors (PIs) and retail investors. The platform is ISO 27001 (Information Security) and ISO 27701 (Data Privacy) certified. For more details, visit HashKey Exchange and follow us on Twitter and LinkedIn.

Media Inquiries:

Yvonne Wang

Senior PR Manager

yvonne.wang@hashkey.com

HashKey Exchange does not service users from Mainland China, United States and certain other jurisdictions in compliance with laws and regulations.

*As of December 5, 2024, HashKey Exchange ranked 7th on CoinGecko, making it the highest-ranked licensed virtual asset exchange in Hong Kong.

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