Sec Form 13D Filing - Kong Jianping filing for NANO LABS LTD SHS US$ (NA) - 2024-09-25

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D

 

Under the Securities Exchange Act of 1934

(Amendment No. 3)*

 

Nano Labs Ltd

(Name of Issuer)

   

Class A ordinary shares, par value US$0.0002 per share

Class B ordinary shares, par value US$0.0002 per share

(Title of Class of Securities)

 

G6391Y110

(CUSIP Number)

 

Jianping Kong

NLABS FUND PTE LTD.

Tricor Equity Trustee Limited

NlabsDAO Trust

JIANPING KONG LTD

Teeroy Limited

Lunyu Trust

Wlyl Ltd

c/o China Yuangu Hanggang Technology Building

509 Qianjiang Road, Shangcheng District,

Hangzhou, Zhejiang, 310000

People’s Republic of China

(86) 0571-8665 6957

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

 

September 23, 2024

(Date of Event which Requires Filing of this Statement)

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 1(f) or 1(g), check the following box. ☐

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

 

 

CUSIP No. G6391Y110

 

1.

Names of Reporting Persons.

 

Jianping Kong

2.

Check the Appropriate Box if a Member of a Group (See Instructions).

 

(a) ☐    (b) ☐

3.

SEC Use Only

 

4.

Source of Funds (See Instructions)

 

PF OO

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

6.

Citizenship or Place of Organization

 

People’s Republic of China

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7.

Sole Voting Power

 

18,883,415 Class A Ordinary Shares(1)

8.

Shared Voting Power

 

7,592,979 Class A Ordinary Shares(2)

16,998,911 Class B Ordinary Shares(3)

9.

Sole Dispositive Power

 

18,883,415 Class A Ordinary Shares(1)

10.

Shared Dispositive Power

 

7,592,979 Class A Ordinary Shares(2)

16,998,911 Class B Ordinary Shares(3)

11.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

26,476,394 Class A Ordinary Shares(4)

16,998,911 Class B Ordinary Shares(3)

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

13.

Percent of Class Represented by Amount in Row (11)

 

42.3%(5) (representing 56.0%(3)(5) of the total outstanding voting power)

14.

Type of Reporting Person (See Instructions)

 

IN

 

(1) Representing 18,883,415 Class A Ordinary Shares directly held by NLABS FUND PTE LTD., a private company limited by shares incorporated in Singapore and wholly owned by Mr. Jianping Kong.
(2) Representing (i) 6,704,981 Class A Ordinary Shares directly held by JIANPING KONG LTD, a company incorporated in the British Virgin Islands, which is wholly owned by NlabsDAO Trust, a trust established under the laws of the British Virgin Islands and managed by Tricor Equity Trustee Limited, in which Mr. Jianping Kong is a settlor and investment manager, and (ii) 887,998 Class A Ordinary Shares directly held by Wlyl Ltd, a company incorporated in the British Virgin Islands, which is wholly owned by Lunyu Trust, a trust established under the laws of Singapore and managed by Teeroy Limited, in which Mr.Kong is a settlor and investment manager. Being the sole director of both JIANPING KONG LTD and Wlyl Ltd, and the settlor and investment manager of both NlabsDAO Trust and Lunyu Trust, respectively, Mr. Jianping Kong is deemed to have shared voting and dispositive powers over these Class A Ordinary Shares.

 

2

 

 

(3) Representing 16,998,911 Class B Ordinary Shares directly held by JIANPING KONG LTD. Being the sole director of JIANPING KONG LTD and the settlor and investment manager of NlabsDAO Trust, Mr. Jianping Kong is deemed to have shared voting and dispositive powers over these Class B Ordinary Shares. Each Class B Ordinary Share is convertible at the option of the holder into one Class A Ordinary Share. Class A Ordinary Shares are not convertible into Class B Ordinary Shares under any circumstances. Upon any sale, transfer, assignment or disposition of Class B ordinary shares by a holder thereof to any person or entity that is not Mr. Jianping Kong, Mr. Qifeng Sun or their affiliate (as defined in the currently effective memorandum and articles of association), or upon a change of ultimate beneficial ownership of any Class B ordinary share to any person who is not Mr. Jianping Kong, Mr. Qifeng Sun or their affiliate, such Class B ordinary shares will be automatically and immediately converted into an equal number of Class A ordinary shares. The rights of the holders of Class A Ordinary Shares and Class B Ordinary Shares are identical, except with respect to conversion rights (noted above) and voting rights. Each Class B Ordinary Share is entitled to 15 votes on all matters subject to vote at general meetings of the Issuer, whereas each Class A Ordinary Share is entitled to one vote.

(4) Representing (i) 18,883,415 Class A Ordinary Shares directly held by NLABS FUND PTE LTD., (ii) 6,704,981 Class A Ordinary Shares directly held by JIANPING KONG LTD, and (iii) 887,998 Class A Ordinary Shares directly held by Wlyl Ltd.
(5) Based on 102,778,819 outstanding Ordinary Shares as a single class, being the sum of 74,189,741 Class A Ordinary Shares and 28,589,078 Class B Ordinary Shares outstanding as of September 23, 2024 as provided by the Issuer, assuming conversion of all Class B Ordinary Shares into Class A Ordinary Shares.

 

3

 

 

CUSIP No. G6391Y110

 

1.

Names of Reporting Persons.

 

NLABS FUND PTE LTD.

2.

Check the Appropriate Box if a Member of a Group (See Instructions).

 

(a)     (b)

3.

SEC Use Only

 

4.

Source of Funds (See Instructions)

 

OO

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

6.

Citizenship or Place of Organization

 

British Virgin Islands

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7.

Sole Voting Power

 

18,883,415 Class A Ordinary Shares(1)

8.

Shared Voting Power

 

0

9.

Sole Dispositive Power

 

18,883,415 Class A Ordinary Shares(1)

10.

Shared Dispositive Power

 

0

11.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

18,883,415 Class A Ordinary Shares(1)

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

13.

Percent of Class Represented by Amount in Row (11)

 

18.4%(2) (representing 3.8%(2) of the total outstanding voting power)

14.

Type of Reporting Person (See Instructions)

 

OO

 

(1) Representing 18,883,415 Class A Ordinary Shares directly held by NLABS FUND PTE LTD., a private company limited by shares incorporated in Singapore and wholly owned by Mr. Jianping Kong.
(2) Based on 102,778,819 outstanding Ordinary Shares as a single class, being the sum of 74,189,741 Class A Ordinary Shares and 28,589,078 Class B Ordinary Shares outstanding as of September 23, 2024 as provided by the Issuer, assuming conversion of all Class B Ordinary Shares into Class A Ordinary Shares.

 

4

 

 

CUSIP No. G6391Y110

 

1.

Names of Reporting Persons.

 

Tricor Equity Trustee Limited as Trustee of NlabsDAO Trust

2.

Check the Appropriate Box if a Member of a Group (See Instructions).

 

(a) ☐    (b) ☐

3.

SEC Use Only

 

4.

Source of Funds (See Instructions)

 

OO

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

6.

Citizenship or Place of Organization

 

British Virgin Islands

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7.

Sole Voting Power

 

0

8.

Shared Voting Power

 

6,704,981 Class A Ordinary Shares(1)

16,998,911 Class B Ordinary Shares(2)

9.

Sole Dispositive Power

 

0

10.

Shared Dispositive Power

 

6,704,981 Class A Ordinary Shares(1)

16,998,911 Class B Ordinary Shares(2) 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

6,704,981 Class A Ordinary Shares(1)

16,998,911 Class B Ordinary Shares(2)

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

13.

Percent of Class Represented by Amount in Row (11)

 

23.1%(3) (representing 52.0%(2)(3) of the total outstanding voting power)

14.

Type of Reporting Person (See Instructions)

 

CO

 

(1) Representing 6,704,981 Class A Ordinary Shares directly held by JIANPING KONG LTD, a company incorporated in the British Virgin Islands, which is wholly owned by NlabsDAO Trust, a trust established under the laws of the British Virgin Islands and managed by Tricor Equity Trustee Limited.

(2) Representing 16,998,911 Class B Ordinary Shares directly held by JIANPING KONG LTD. Each Class B Ordinary Share is convertible at the option of the holder into one Class A Ordinary Share. Class A Ordinary Shares are not convertible into Class B Ordinary Shares under any circumstances. Upon any sale, transfer, assignment or disposition of Class B ordinary shares by a holder thereof to any person or entity that is not Mr. Jianping Kong, Mr. Qifeng Sun or their affiliate (as defined in the currently effective memorandum and articles of association), or upon a change of ultimate beneficial ownership of any Class B ordinary share to any person who is not Mr. Jianping Kong, Mr. Qifeng Sun or their affiliate, such Class B ordinary shares will be automatically and immediately converted into an equal number of Class A ordinary shares. The rights of the holders of Class A Ordinary Shares and Class B Ordinary Shares are identical, except with respect to conversion rights (noted above) and voting rights. Each Class B Ordinary Share is entitled to 15 votes on all matters subject to vote at general meetings of the Issuer, whereas each Class A Ordinary Share is entitled to one vote.

(3) Based on 102,778,819 outstanding Ordinary Shares as a single class, being the sum of 74,189,741 Class A Ordinary Shares and 28,589,078 Class B Ordinary Shares outstanding as of September 23, 2024 as provided by the Issuer, assuming conversion of all Class B Ordinary Shares into Class A Ordinary Shares.

 

5

 

 

CUSIP No. G6391Y110

 

1.

Names of Reporting Persons.

 

NlabsDAO Trust

2.

Check the Appropriate Box if a Member of a Group (See Instructions).

 

(a) ☐    (b) ☐

3.

SEC Use Only

 

4.

Source of Funds (See Instructions)

 

WC OO

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

6.

Citizenship or Place of Organization

 

British Virgin Islands

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7.

Sole Voting Power

 

6,704,981 Class A Ordinary Shares(1)

16,998,911 Class B Ordinary Shares(2) 

8.

Shared Voting Power

 

0

9.

Sole Dispositive Power

 

6,704,981 Class A Ordinary Shares(1)

16,998,911 Class B Ordinary Shares(2)

10.

Shared Dispositive Power

 

0

11.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

6,704,981 Class A Ordinary Shares(1)

16,998,911 Class B Ordinary Shares(2)

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

13.

Percent of Class Represented by Amount in Row (11)

 

23.1%(3) (representing 52.0%(2)(3) of the total outstanding voting power)

14.

Type of Reporting Person (See Instructions)

 

OO

 

(1) Representing 6,704,981 Class A Ordinary Shares directly held by JIANPING KONG LTD, a company incorporated in the British Virgin Islands, which is wholly owned by NlabsDAO Trust, a trust established under the laws of the British Virgin Islands and managed by Tricor Equity Trustee Limited.
(2) Representing 16,998,911 Class B Ordinary Shares directly held by JIANPING KONG LTD. Each Class B Ordinary Share is convertible at the option of the holder into one Class A Ordinary Share. Class A Ordinary Shares are not convertible into Class B Ordinary Shares under any circumstances. Upon any sale, transfer, assignment or disposition of Class B ordinary shares by a holder thereof to any person or entity that is not Mr. Jianping Kong, Mr. Qifeng Sun or their affiliate (as defined in the currently effective memorandum and articles of association), or upon a change of ultimate beneficial ownership of any Class B ordinary share to any person who is not Mr. Jianping Kong, Mr. Qifeng Sun or their affiliate, such Class B ordinary shares will be automatically and immediately converted into an equal number of Class A ordinary shares. The rights of the holders of Class A Ordinary Shares and Class B Ordinary Shares are identical, except with respect to conversion rights (noted above) and voting rights. Each Class B Ordinary Share is entitled to 15 votes on all matters subject to vote at general meetings of the Issuer, whereas each Class A Ordinary Share is entitled to one vote.

(3) Based on 102,778,819 outstanding Ordinary Shares as a single class, being the sum of 74,189,741 Class A Ordinary Shares and 28,589,078 Class B Ordinary Shares outstanding as of September 23, 2024 as provided by the Issuer, assuming conversion of all Class B Ordinary Shares into Class A Ordinary Shares.

 

6

 

 

CUSIP No. G6391Y110

 

1.

Names of Reporting Persons.

 

JIANPING KONG LTD

2.

Check the Appropriate Box if a Member of a Group (See Instructions).

 

(a) ☐    (b) ☐

3.

SEC Use Only

 

4.

Source of Funds (See Instructions)

 

WC OO

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

6.

Citizenship or Place of Organization

 

British Virgin Islands

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7.

Sole Voting Power

 

6,704,981 Class A Ordinary Shares

16,998,911 Class B Ordinary Shares(1) 

8.

Shared Voting Power

 

0

9.

Sole Dispositive Power

 

6,704,981 Class A Ordinary Shares

16,998,911 Class B Ordinary Shares(1)

10.

Shared Dispositive Power

 

0

11.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

6,704,981 Class A Ordinary Shares(1)

16,998,911 Class B Ordinary Shares(2)

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

13.

Percent of Class Represented by Amount in Row (11)

 

23.1%(1) (representing 52.0%(1)(2) of the total outstanding voting power)

14.

Type of Reporting Person (See Instructions)

 

CO

 

(1) Each Class B Ordinary Share is convertible at the option of the holder into one Class A Ordinary Share. Class A Ordinary Shares are not convertible into Class B Ordinary Shares under any circumstances. Upon any sale, transfer, assignment or disposition of Class B ordinary shares by a holder thereof to any person or entity that is not Mr. Jianping Kong, Mr. Qifeng Sun or their affiliate (as defined in the currently effective memorandum and articles of association), or upon a change of ultimate beneficial ownership of any Class B ordinary share to any person who is not Mr. Jianping Kong, Mr. Qifeng Sun or their affiliate, such Class B ordinary shares will be automatically and immediately converted into an equal number of Class A ordinary shares. The rights of the holders of Class A Ordinary Shares and Class B Ordinary Shares are identical, except with respect to conversion rights (noted above) and voting rights. Each Class B Ordinary Share is entitled to 15 votes on all matters subject to vote at general meetings of the Issuer, whereas each Class A Ordinary Share is entitled to one vote.

(2) Based on 102,778,819 outstanding Ordinary Shares as a single class, being the sum of 74,189,741 Class A Ordinary Shares and 28,589,078 Class B Ordinary Shares outstanding as of September 23, 2024 as provided by the Issuer, assuming conversion of all Class B Ordinary Shares into Class A Ordinary Shares.

 

7

 

 

CUSIP No. G6391Y110

 

1.

Names of Reporting Persons.

 

Teeroy Limited as Trustee of Lunyu Trust

2.

Check the Appropriate Box if a Member of a Group (See Instructions).

 

(a) ☐    (b) ☐

3.

SEC Use Only

 

4.

Source of Funds (See Instructions)

 

OO

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

6.

Citizenship or Place of Organization

 

Hong Kong

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7.

Sole Voting Power

 

0

8.

Shared Voting Power

 

887,998 Class A Ordinary Shares(1)

9.

Sole Dispositive Power

 

0

10.

Shared Dispositive Power

 

887,998 Class A Ordinary Shares(1)

11.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

887,998 Class A Ordinary Shares(1)

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

13.

Percent of Class Represented by Amount in Row (11)

 

0.9%(3) (representing 0.2%(2)(3) of the total outstanding voting power)

14.

Type of Reporting Person (See Instructions)

 

OO

 

(1) Representing 887,998 Class A Ordinary Shares directly held by Wlyl Ltd, a company incorporated in the British Virgin Islands, which is wholly owned by Lunyu Trust, a trust established under the laws of Singapore and managed by Teeroy Limited, in which Mr. Jianping Kong is the settlor and investment manager.
(2) Each Class B Ordinary Share is convertible at the option of the holder into one Class A Ordinary Share. Class A Ordinary Shares are not convertible into Class B Ordinary Shares under any circumstances. Upon any sale, transfer, assignment or disposition of Class B ordinary shares by a holder thereof to any person or entity that is not Mr. Jianping Kong, Mr. Qifeng Sun or their affiliate (as defined in the currently effective memorandum and articles of association), or upon a change of ultimate beneficial ownership of any Class B ordinary share to any person who is not Mr. Jianping Kong, Mr. Qifeng Sun or their affiliate, such Class B ordinary shares will be automatically and immediately converted into an equal number of Class A ordinary shares. The rights of the holders of Class A Ordinary Shares and Class B Ordinary Shares are identical, except with respect to conversion rights (noted above) and voting rights. Each Class B Ordinary Share is entitled to 15 votes on all matters subject to vote at general meetings of the Issuer, whereas each Class A Ordinary Share is entitled to one vote.

(3) Based on 102,778,819 outstanding Ordinary Shares as a single class, being the sum of 74,189,741 Class A Ordinary Shares and 28,589,078 Class B Ordinary Shares outstanding as of September 23, 2024 as provided by the Issuer, assuming conversion of all Class B Ordinary Shares into Class A Ordinary Shares.

 

8

 

 

CUSIP No. G6391Y110

 

1.

Names of Reporting Persons.

 

Lunyu Trust

2.

Check the Appropriate Box if a Member of a Group (See Instructions).

 

(a) ☐    (b) ☐

3.

SEC Use Only

 

4.

Source of Funds (See Instructions)

 

WC OO

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

6.

Citizenship or Place of Organization

 

Singapore

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7.

Sole Voting Power

 

887,998 Class A Ordinary Shares(1)

8.

Shared Voting Power

 

0

9.

Sole Dispositive Power

 

887,998 Class A Ordinary Shares(1)

10.

Shared Dispositive Power

 

0

11.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

887,998 Class A Ordinary Shares(1)

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

13.

Percent of Class Represented by Amount in Row (11)

 

0.9%(3) (representing 0.2%(2)(3) of the total outstanding voting power)

14.

Type of Reporting Person (See Instructions)

 

OO

 

(1) Representing 887,998 Class A Ordinary Shares directly held by Wlyl Ltd, a company incorporated in the British Virgin Islands, which is wholly owned by Lunyu Trust, a trust established under the laws of Singapore and managed by Teeroy Limited.
(2) Each Class B Ordinary Share is convertible at the option of the holder into one Class A Ordinary Share. Class A Ordinary Shares are not convertible into Class B Ordinary Shares under any circumstances. Upon any sale, transfer, assignment or disposition of Class B ordinary shares by a holder thereof to any person or entity that is not Mr. Jianping Kong, Mr. Qifeng Sun or their affiliate (as defined in the currently effective memorandum and articles of association), or upon a change of ultimate beneficial ownership of any Class B ordinary share to any person who is not Mr. Jianping Kong, Mr. Qifeng Sun or their affiliate, such Class B ordinary shares will be automatically and immediately converted into an equal number of Class A ordinary shares. The rights of the holders of Class A Ordinary Shares and Class B Ordinary Shares are identical, except with respect to conversion rights (noted above) and voting rights. Each Class B Ordinary Share is entitled to 15 votes on all matters subject to vote at general meetings of the Issuer, whereas each Class A Ordinary Share is entitled to one vote.

(3) Based on 102,778,819 outstanding Ordinary Shares as a single class, being the sum of 74,189,741 Class A Ordinary Shares and 28,589,078 Class B Ordinary Shares outstanding as of September 23, 2024 as provided by the Issuer, assuming conversion of all Class B Ordinary Shares into Class A Ordinary Shares.

 

9

 

 

CUSIP No. G6391Y110

 

1.

Names of Reporting Persons.

 

Wlyl Ltd

2.

Check the Appropriate Box if a Member of a Group (See Instructions).

 

(a) ☐    (b) ☐

3.

SEC Use Only

 

4.

Source of Funds (See Instructions)

 

WC OO

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

6.

Citizenship or Place of Organization

 

Singapore

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7.

Sole Voting Power

 

887,998 Class A Ordinary Shares(1)

8.

Shared Voting Power

 

0

9.

Sole Dispositive Power

 

887,998 Class A Ordinary Shares(1)

10.

Shared Dispositive Power

 

0

11.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

887,998 Class A Ordinary Shares

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

13.

Percent of Class Represented by Amount in Row (11)

 

0.9%(3) (representing 0.2%(2)(3) of the total outstanding voting power)

14.

Type of Reporting Person (See Instructions)

 

CO

 

(1) Representing 887,998 Class A Ordinary Shares directly held by Wlyl Ltd, a company incorporated in the British Virgin Islands, which is wholly owned by Lunyu Trust, a trust established under the laws of Singapore and managed by Teeroy Limited.
(2) Each Class B Ordinary Share is convertible at the option of the holder into one Class A Ordinary Share. Class A Ordinary Shares are not convertible into Class B Ordinary Shares under any circumstances. Upon any sale, transfer, assignment or disposition of Class B ordinary shares by a holder thereof to any person or entity that is not Mr. Jianping Kong, Mr. Qifeng Sun or their affiliate (as defined in the currently effective memorandum and articles of association), or upon a change of ultimate beneficial ownership of any Class B ordinary share to any person who is not Mr. Jianping Kong, Mr. Qifeng Sun or their affiliate, such Class B ordinary shares will be automatically and immediately converted into an equal number of Class A ordinary shares. The rights of the holders of Class A Ordinary Shares and Class B Ordinary Shares are identical, except with respect to conversion rights (noted above) and voting rights. Each Class B Ordinary Share is entitled to 15 votes on all matters subject to vote at general meetings of the Issuer, whereas each Class A Ordinary Share is entitled to one vote.

(3) Based on 102,778,819 outstanding Ordinary Shares as a single class, being the sum of 74,189,741 Class A Ordinary Shares and 28,589,078 Class B Ordinary Shares outstanding as of September 23, 2024 as provided by the Issuer, assuming conversion of all Class B Ordinary Shares into Class A Ordinary Shares.

 

10

 

 

Introduction

 

This amendment to Schedule 13D (this “Amendment No. 3”) amends and supplements the statement on Schedule 13D filed with the U.S. Securities and Exchange Commission (the “Commission”) on September 22, 2023, as amended and supplemented by the Amendment No.1 and Amendment No.2 filed with the Commission on February 5, 2024 and May 7, 2024, respectively(the “Original Schedule 13D,” as amended and supplemented by this Amendment No. 3, the “Schedule 13D”) by each of Mr. Jianping Kong, NLABS FUND PTE LTD., Tricor Equity Trustee Limited, NlabsDAO Trust, JIANPING KONG LTD, Teeroy Limited, Lunyu Trust and Wlyl Ltd and relates to Class A ordinary shares, par value $0.0002 per share (the “Class A Ordinary Shares”) and Class B ordinary shares, par value $0.0002 per share (the “Class B Ordinary Shares”, together with the Class A Ordinary Shares, the “Shares”) of Nano Labs Ltd, a Cayman Islands exempted company (the “Issuer”).

 

This Amendment No.3 is being filed to report the subscription of 18,883,415 Class A Ordinary Shares by NLABS FUND PTE LTD., on September 23, 2024..

 

Except as provided herein, this Amendment No.3 does not modify any of the information previously reported on the Original Schedule 13D. Capitalized terms used but not defined in this Amendment No.2 have the meanings ascribed to them in the Original Schedule 13D, as amended.

 

Item 2. Identity and Background.

 

Item 2 of the Schedule 13D is hereby amended and restated in its entirety as follows:

 

This Schedule is being jointly filed by the following persons pursuant to Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended:

 

1.Mr. Jianping Kong, citizen of People’s Republic of China, with his business address at China Yuangu Hanggang Technology Building, 509 Qianjiang Road, Shangcheng District, Hangzhou, Zhejiang, People’s Republic of China;
  2. NLABS FUND PTE LTD., a private company limited by shares incorporated in Singapore, with its principal business address at FRASER STREET #04-23A, DUO TOWER, Singapore 189352, and its principal business in investment holding.
  3. Tricor Equity Trustee Limited, a company incorporated and existing under the laws of British Virgin Islands, with its principal business address at 5/F, Manulife Place, 348 Kwun Tong Road, Road Town, Kowloon, Hong Kong, and its principal business in trustee services;
4.NlabsDAO Trust, an irrevocable discretionary trust established under the laws of British Virgin Islands, with its trustee’s business address at 5/F, Manulife Place, 348 Kwun Tong Road, Road Town, Kowloon, Hong Kong and principal business in investment holding;
5.JIANPING KONG LTD, a company incorporated and existing under the laws of British Virgin Islands, with its principal business address at China Yuangu Hanggang Technology Building, 509 Qianjiang Road, Shangcheng District, Hangzhou, and its principal business in investment holding;
6.Teeroy Limited, a company incorporated and existing under the laws of Hong Kong, with its principal business address at 5/F, Manulife Place, 348 Kwun Tong Road, Road Town, Kowloon, Hong Kong, and its principal business in trustee services;
7.Lunyu Trust, an irrevocable discretionary trust established under the laws of Singapore, with its trustee’s business address at 5/F, Manulife Place, 348 Kwun Tong Road, Road Town, Kowloon, Hong Kong and principal business in investment holding; and

8.Wlyl Ltd, a company incorporated and existing under the laws of Singapore, with its principal business address at China Yuangu Hanggang Technology Building, 509 Qianjiang Road, Shangcheng District, Hangzhou, and its principal business in investment holding.

 

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Mr. Jianping Kong, NLABS FUND PTE LTD., Tricor Equity Trustee Limited, NlabsDAO Trust, JIANPING KONG LTD, Teeroy Limited, Lunyu Trust and Wlyl Ltd are collectively referred to herein as “Reporting Persons,” and each, a “Reporting Person.” The agreement among the Reporting Persons relating to the joint filing is attached hereto as Exhibit 99.1. Information with respect to each of the Reporting Persons is given solely by such Reporting Person, and no Reporting Person assumes responsibility for the accuracy or completeness of the information concerning the other Reporting Persons, except as otherwise provided in Rule 13d-1(k).

 

The name, business address, present principal occupation or employment and citizenship of the directors, executive officers and control persons of the Reporting Persons as of the date hereof is set forth on Schedule A.

 

During the last five years, none of the Reporting Persons has been: (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

 

Item 4. Purpose of Transaction.

 

In August and September 2024, the Issuer entered into certain agreements with Mr. Jianping Kong (the “Lender”), who provided interest-free loans in the total amount of US$5.75 million (the “Loans”), among which US$0.75 million will become due on August 26, 2025 and US$5 million will become due on September 6, 2025.

 

On September 20, 2024, the Issuer entered into a subscription agreement with the Lender, to convert the interest-free loans from them in an aggregated amount of US$5.75 million into 18,883,415 Class A ordinary shares in lieu of repayment of the Loans. According to the subscription agreement entered into among the Issuer and the Lender, a total of 18,883,415 Class A ordinary shares of the Issuer were issued to the Lender at a per share price of US$0.3045, being the average closing price over the previous 10 trading days as of September 19, 2024. The conversion was closed on September 23, 2023 and the Company was released from any future liabilities or obligations under the terms of the Loans. 

 

Item 5. Interest in Securities of the Issuer.

 

Items 5(a) – (b) of this Schedule 13 D are hereby amended by incorporating by reference the responses of each Reporting Person to Rows (7) through (13), including the footnotes thereto, of the cover pages of this Schedule 13D.

 

Item 7. Material to be Filed as Exhibits.

 

Exhibit No.   Description
99.1   Joint Filing Agreement dated September 24, 2024 by and among the Reporting Persons
     
99.2*   Promissory Note Termination Agreement dated September 5, 2023 by and among the Issuer and SMALL ART LTD., SPACE EXPLORATION JP LTD. and STAR SPECTRUM FUND PTE. LTD
     
99.3*   Subscription Agreement dated September 5, 2023 by and among the Issuer and JIANPING KONG LTD and Star Spectrum Capital Ltd
     
99.4   Promissory Note Termination Agreement dated September 20, 2024 by and among the Issuer and Mr.Jianping Kong
     
99.5   Subscription Agreement Dated September 20, 2024 by and among the Issuer and NLABS FUND PTE LTD., and Star Spectrum Capital Ltd

  

*Previously filed

 

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SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Date: September 25, 2024

 

  Jianping Kong
   
  By: /s/ Jianping Kong
  Name:  Jianping Kong
     
  NLABS FUND PTE LTD.
     
  By: /s/ Jianping Kong
  Name: Jianping Kong
  Title: Director 
     
  Tricor Equity Trustee Limited
     
  By: /s/ Li Yan Wing Rita
  Name: Li Yan Wing Rita
  Title: Director
     
  NlabsDAO Trust
     
  By: /s/ Tricor Equity Trustee Limited as trustee of NlabsDAO Trust
  Name: Li Yan Wing Rita
  Title: Director of Tricor Equity Trustee Limited
     
  JIANPING KONG LTD
     
  By: /s/ Jianping Kong
  Name: Jianping Kong
  Title: Director 
     
  Teeroy Limited
     
  By: /s/ Li Yan Wing Rita
  Name: Li Yan Wing Rita
  Title: Director
     
  Lunyu Trust
     
  By: /s/ Teeroy Limited as trustee of Lunyu Trust
  Name: Li Yan Wing Rita
  Title: Director of Teeroy Limited
     
  Wlyl Ltd
     
  By: /s/ Jianping Kong
  Name: Jianping Kong
  Title: Director 

 

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SCHEDULE A

 

NLABS FUND PTE LTD.

 

Director   Business Address   Present Principal Employment   Citizenship
Jianping Kong   China Yuangu Hanggang Technology Building, 509 Qianjiang Road, Shangcheng District, Hangzhou, Zhejiang, People’s Republic of China   Chairman of Nano Labs Ltd.   PRC

 

Tricor Equity Trustee Limited

 

Director                        Business Address   Present Principal Employment   Citizenship
Nicholas Andrew Messum   2/F, Palm Grove House, P.O. 3340, Road Town, Tortola, British Virgin Islands   Director of Tricor Equity Trustee Limited   British
             
Ted Francis   2/F, Palm Grove House, P.O. 3340, Road Town, Tortola, British Virgin Islands   Director of Tricor Equity Trustee Limited   British Overseas Territories
             
Li Yan Wing Rita   5/F, Manulife Place, 348 Kwun Tong Road, Road Town, Kowloon, Hong Kong   Director of Tricor Equity Trustee Limited   Hong Kong SAR, China
             
Lee Mei Yi   5/F, Manulife Place, 348 Kwun Tong Road, Road Town, Kowloon, Hong Kong   Director of Tricor Equity Trustee Limited   Hong Kong SAR, China

 

NlabsDAO Trust

 

Investment manager
and settlor
  Business Address   Present Principal Employment   Citizenship
Jianping Kong   China Yuangu Hanggang Technology Building, 509 Qianjiang Road, Shangcheng District, Hangzhou, Zhejiang, People’s Republic of China   Chairman of Nano Labs Ltd.   PRC

 

JIANPING KONG LTD

 

Director                     

  Business Address   Present Principal Employment   Citizenship
Jianping Kongc   China Yuangu Hanggang Technology Building, 509 Qianjiang Road, Shangcheng District, Hangzhou, Zhejiang, People’s Republic of China   Chairman of Nano Labs Ltd.   PRC

 

Teeroy Limited

 

Director                        Business Address   Present Principal Employment   Citizenship
Michael Raymond Shue   5/F, Manulife Place, 348 Kwun Tong Road, Road Town, Kowloon, Hong Kong   Director of Teeroy Limited   New Zealand
             
Li Yan Wing Rita   5/F, Manulife Place, 348 Kwun Tong Road, Road Town, Kowloon, Hong Kong   Director of Teeroy Limited   Hong Kong SAR, China

 

Lunyu Trust

 

Investment manager
and settlor

  Business Address   Present Principal Employment   Citizenship
Jianping Kong   China Yuangu Hanggang Technology Building, 509 Qianjiang Road, Shangcheng District, Hangzhou, Zhejiang, People’s Republic of China   Chairman of Nano Labs Ltd.   PRC

 

Wlyl Ltd

 

Director                     

  Business Address   Present Principal Employment   Citizenship
Jianping Kong   China Yuangu Hanggang Technology Building, 509 Qianjiang Road, Shangcheng District, Hangzhou, Zhejiang, People’s Republic of China   Chairman of Nano Labs Ltd.   PRC

 

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