CORRECTION: Press Release Announcing Purchased About US$50 Million BNB

HONG KONG, July 07, 2025 (GLOBE NEWSWIRE) -- Nano Labs Ltd (NASDAQ:NA) ("we," the "Company" or "Nano Labs"), a leading Web 3.0 infrastructure and product solution provider in China, today announced a correction to the first paragraph of its press release entitled "Nano Labs Has Purchased About US$50 Million BNB, Expands Digital Asset Reserves to around US$160 Million" which was issued on July 3, 2025 (the "Original Press Release").

The correction is to the Original Press Release's first paragraph with the original version reading:

"HONG KONG, July 03, 2025 (GLOBE NEWSWIRE) -- Nano Labs Ltd (NASDAQ:NA) ("we," the "Company" or "Nano Labs"), a leading Web 3.0 infrastructure and product solution provider in China, today announced the purchase of 74,315 Binance Coin (BNB) tokens through the OTC (Over-The-Counter) format at an average price of approximately US$672.45, with a total transaction value of about US$50 million. Following this transaction, the Company's cumulative reserve of mainstream digital currencies, including Bitcoin and BNB, has around US$160 million, marking a successful initial step in Nano Labs' BNB strategic plan and underscoring its commitment to increasing BNB holdings over time."

The complete, corrected release follows:

"HONG KONG, July 03, 2025 (GLOBE NEWSWIRE) -- Nano Labs Ltd (NASDAQ:NA) ("we," the "Company" or "Nano Labs"), ...