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Nano Labs Announces Receipt of Deficiency Letters from Nasdaq

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HANGZHOU, China, May 24, 2024 /PRNewswire/ — Nano Labs Ltd (Nasdaq: NA) (“we,” the “Company” or “Nano Labs“), a leading fabless integrated circuit design company and product solution provider in China,  today announced that it received two notification letters dated May 24, 2024 (the “Deficiency Letters”) from the Listing Qualifications Department of The Nasdaq Stock Market Inc. (the “Nasdaq”) notifying that the Company is no longer in compliance with the Nasdaq continued listing criteria, including (1) the Nasdaq Listing Rule 5450(b)(2)(A) due to its failure to maintain a minimum of $50 million in market value of listed securities; (2) the Nasdaq Listing Rule 5450(a)(1) due to its failure to maintain a minimum bid price of US$1 per share. Nasdaq also determined that the Company does not meet the alternatives of total assets and total revenue for continued listing.

The Deficiency Letters do not result in the immediate delisting of the Company’s Class A ordinary shares on the Nasdaq Global Market. The Company has 180 calendar days from the date of the Deficiency Letters, or until November 19, 2024,  to regain compliance with Nasdaq’s minimum bid price requirement and submit a plan (the “Compliance Plan”) to Nasdaq to regain compliance with the market value of listed securities standard. If the Compliance Plan is accepted by Nasdaq, the Company may be granted a compliance period of up to 180 calendar days from the date of the Deficiency Letter to evidence compliance.

The Company’s management is looking into various options available to regain compliance and maintain its continued listing on the Nasdaq Global Market. The Company intends to submit the Compliance Plan as soon as practicable. This announcement is made in compliance with the Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a notification of deficiency.

About Nano Labs Ltd

Nano Labs Ltd is a leading fabless integrated circuit (“IC”) design company and product solution provider in China. Nano Labs is committed to the development of high throughput computing (“HTC”) chips, high performance computing (“HPC”) chips, distributed computing and storage solutions, smart network interface cards (“NICs”) vision computing chips and distributed rendering. Nano Labs has built a comprehensive flow processing unit (“FPU”) architecture which offers solution that integrates the features of both HTC and HPC. For more information, please visit the Company’s website at: ir.nano.cn.

Forward-Looking Statements

This report contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, the Company’s plan to appeal the Staff’s determination, which can be identified by terminology such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Such statements are based upon management’s current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control, which may cause the Company’s actual results, performance or achievements to differ materially from those in the forward-looking statements. Risks and uncertainties that may cause such differences include, among other things: satisfaction of customary closing conditions related to the offering and the sale of the securities and Nano Lab’s ability to complete the offering. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

For investor and media inquiries, please contact:
Nano Labs Ltd
Email: ir@nano.cn 

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com 

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AEWIN Unveils High-Performance Servers & Network Appliances for AI-Driven Cybersecurity at 2025 RSA Conference

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TAIPEI, April 16, 2025 /PRNewswire/ — AEWIN Technologies will showcase its latest Edge Servers, HA Servers, Storage Servers, and High-Performance Network Appliances designed for AI-powered cybersecurity at 2025 RSA Conference. Leveraging the cutting-edge technologies supported by Intel Xeon 6 and AMD Zen5 EPYC processors, AEWIN delivers reliable platforms with diverse features, extraordinary performance, and outstanding scalability for innovative cybersecurity solutions.

AEWIN offers a comprehensive product portfolio of network appliances ranging from desktop and 1U Rackmount to 2U Rackmount form factors, powered by Intel and AMD latest CPUs. The flagship 2U network appliance, SCB-1953, supports 2x 50G ports for high availability networking, 1x 10G management port, and up to 8x NICs PCIe5.0 network expansion bays supporting high-speed NICs up to 200G. It also offers optional dual-width FHFL PCIe 5.0 slots for GPU/FPGA accelerators, enabling AI-powered cybersecurity including XDR, UTM, and AI-enhanced traffic management.

For mission-critical security applications, AEWIN’s 2U2N High Availability Storage Server, MIS-5131, is designed for resilience and performance. It features 24x hot-swappable dual-port NVMe drive bays for high-speed storage. The dual node architecture within a single chassis allows for seamless failover through the NTB (Non-Transparent Bridge) interconnectivity, two BMC communication, and dual-port NVMe drives. Its expandability for GPUs, FPGAs, and high-speed NICs further enhances its suitability for AI-driven security operations including intelligent data management and security analysis.

In addition, AEWIN offers versatile Storage Servers featuring 12x 3.5″, 8x PCIe Gen5 slots for NIC and GPU/FPGA cards. They include BAS-6101B based on single AMD Turin CPU, BIS-5132 based on single Xeon 6700/6500-series processor with P-cores (R1S), and BIS-5231 based on dual Intel Xeon 6 Processors. Moreover, there are NVMe Servers built upon AEWIN existing Intel and AMD platforms. By integrating AEIWN self-design E1.S Storage Adapter Cards, RS118A, into SCB-194x/SCB-195x series, the system can support up to 16x E.S drive bays for high speed NVMe SSDs to achieve real-time cybersecurity applications such as SIEM, NGFW, IPS, etc.

To further enhance performance and security, AEWIN offers a broad range of expansion cards in the form of AEWIN expansion module bay and standard PCIe slot. Upcoming NICs offer up to 200G QSFP56 port for high throughput expansion. To enhance security function, AEWIN designs crypto acceleration cards with up to 100G to improve the performance of encryption, decryption, and compression. Together, AEWIN performant platforms with advanced network expansion modules and QAT cards help customers to build tailored cybersecurity solutions that address diverse security challenges.

Contact AEWIN

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SOURCE AEWIN Tech.

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TVU Cloud Solution Powers Connectivity Across 21 Global Venues for “What India Thinks Today” Summit

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CUPERTINO, Calif., April 16, 2025 /PRNewswire/ — TVU Networks’ cloud solution successfully connected 21 global venues for the prestigious “What India Thinks Today” summit at New Delhi’s Bharat Mandapam International Convention Center on March 28-29. The high-profile event, featuring Indian Prime Minister Narendra Modi alongside government officials, explored “India’s Role in the New World Order.”

As one of India’s leading media, TV9 Network was entrusted with the summit’s global interactive broadcast. After rigorous testing, TV9 Network deployed TVU’s integrated solution: TVU Partyline, TVU Anywhere, TVU One.

The solution delivered exceptional results:

Uninterrupted high-definition transmission across 21 venues maintained consistently throughout the marathon two-day event, even during peak network congestion periods.Ultra-low latency under 300 milliseconds—approximately one-tenth of typical solutions—enabling conversational interactions indistinguishable from in-person communication.Less than one day of the entire system deployment and testing in instead of the typical week required for conventional approaches, allowing TV9 Network to focus on content preparation rather than technical troubleshooting.

Subodh Aggarwal, General Manager- TVU South Asia, added: “This landmark event demonstrates how our cloud-based solutions eliminate geographical barriers while dramatically reducing costs and complexity.”

This successful implementation demonstrates how TVU’s cloud production technology continues to revolutionize global event broadcasting, breaking geographical barriers while establishing new standards for efficiency and interactive communication. As the demand for seamless multi-venue connectivity grows worldwide, TVU’s proven solutions stand ready to transform the future of broadcast production across industries.

 

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SOURCE TVU Networks

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Balakot’s Syed Shahzaib Shah Becomes Trusted Name in Global Ethical Hacking Circles

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Syed Shahzaib Shah, a self-taught ethical hacker from Balakot, Pakistan, earns global recognition after discovering security flaws in Microsoft, Intel, and government platforms. As CEO of SS Support Network, he now leads international efforts in cybersecurity, automation, and remote tech support, proving that world-class innovation can emerge from even the most remote regions.

BALAKOT, Pakistan, April 16, 2025 /PRNewswire-PRWeb/ — Syed Shahzaib Shah, a self-taught ethical hacker from the remote northern region of Balakot, Pakistan, has emerged as one of the most trusted names in the global cybersecurity community. Despite being raised in an area with minimal access to advanced technology or formal IT education, Shahzaib has built a powerful reputation for discovering critical vulnerabilities in major platforms like Microsoft, Intel, and several government institutions.

I didn’t wait for opportunities to reach me—I built my own access to the world’s most secure systems from Balakot.

Driven by curiosity and a mission to protect digital systems, Shahzaib began teaching himself cybersecurity as a teenager using only a basic internet connection and open-source tools. Without attending formal computer science programs, he developed elite hacking skills through research, practice, and participation in international bug bounty programs.

“I grew up in a place where no one talked about cybersecurity. But I believed knowledge isn’t restricted to location—it’s about passion and persistence,” said Shahzaib. “I found ways to learn and started securing the same platforms people said I’d never have access to.”

Today, Shahzaib is the Founder and CEO of two rapidly growing tech firms: SS Support Network and SSS Networks. These companies offer a wide array of support services to clients primarily in the United States, including:

Ethical hacking and cybersecurity consultingRemote dispatching and virtual NEMT coordinationMedical billing, claims reconciliation, and automationCustomer support staffing and 24/7 virtual agents

Working with healthcare providers, transportation firms, and digital startups, Shahzaib’s companies help streamline operations while ensuring that their backend systems remain secure against growing cyber threats.

His portfolio of responsible disclosures includes:

Broken authentication logic in Microsoft’s account systemFirmware-level vulnerabilities in Intel chipsetsAuthorization bypass flaws in regional government portals

All of these were reported ethically under coordinated disclosure programs, demonstrating Shahzaib’s commitment to integrity in hacking.

Leading a Movement from the Mountains

What makes Shahzaib’s journey particularly inspiring is his origin in Balakot, a small Pakistani town surrounded by mountains and often overlooked in terms of digital opportunity. In a region with no major tech infrastructure, Shahzaib’s rise as a global cybersecurity name is proof that location is no longer a limitation.

“I always say: a laptop, an internet connection, and belief in yourself can change your life,” Shahzaib shared.

He now mentors aspiring ethical hackers, advocates for cybersecurity awareness across Pakistan, and uses his story to inspire tech-savvy youth in underserved communities.

Building Pakistan’s Digital Defense Legacy

With over a dozen vulnerabilities reported to global firms, multiple startups under his name, and a hacker-themed digital brand with growing media traction, Shahzaib Shah is not just securing systems—he’s shaping a legacy for cybersecurity in Pakistan.

He has been featured in local and global forums, and his story has begun circulating across tech blogs, ethical hacking groups, and industry conferences. Through shahzaibshah.com, he documents his discoveries, services, and mentorship initiatives.

About Syed Shahzaib Shah

Syed Shahzaib Shah is a cybersecurity expert, ethical hacker, and founder of SS Support Network and SSS Networks. Born in Balakot, Pakistan, Shahzaib is known for discovering vulnerabilities in platforms such as Microsoft, Intel, and government websites. His companies provide cybersecurity, dispatch, medical billing, and automation services to clients across the United States.

Media Contact

Isabella Masters, SSSN, 1 5646662544 +1, info@sssupportnetwork.llc, sssupportnetwork.llc 

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