[Kong Jianping Indirectly Holds 18.98 Million Shares of Changxin Technology Through Private Equity Funds, Corresponding to a Market Value of Approximately 940 Million RMB] Public information shows that Nano Labs founder and investor Kong Jianping indirectly holds approximately 18.98 million shares of Changxin Technology through Guangdong Yifang Changda Equity Investment Partnership (Limited Partnership). Within the Yifang Changda Fund, Kong Jianping has committed a capital contribution of 21.34 million RMB. Based on today's opening price of Changxin Technology at 49.5 RMB, the corresponding market value of his holdings is approximately 940 million RMB, representing a book return of about 44 times the principal investment.