Nano Labs Ltd., listed on NASDAQ under the symbol NA, has secured board approval for a share repurchase program valued at up to $25 million over the next year. The company intends to execute this buyback through various methods including open market purchases, private transactions, and block trades. Factors like price fluctuations, trading volume, and operational capital needs will influence the timing and amount of repurchases. Funding for this initiative will come from existing cash reserves and proceeds generated from the liquidation of crypto assets. The board will regularly evaluate and may adjust the size and terms of the buyback plan. Nano Labs positions itself as a Web3 infrastructure provider, holding BNB and BTC as reserve assets, while also advancing its HTC/HPC chip and FPU architecture business.