According to online reports, listed company NanoLabs Ltd (stock code: NA) announced today that after the Hong Kong stablecoin Act (hereinafter referred to as the "stablecoin Act") officially comes into effect, the company plans to cooperate with other entities to apply for operating Hong Kong dollar and offshore RMB stablecoin related business licenses. At the same time, NanoLabs also plans to build a technical framework for stablecoins, focusing on supporting blockchain networks such as Bitcoin and BNB. NanoLabs looks forward to establishing strategic partnerships to help develop the stablecoin ecosystem and the broader Web 3.0 industry. On May 21, 2025, the Legislative Council of Hong Kong passed the "Stable Coin Act", establishing a licensing system for issuers of legal currencies linked to stable coins (FRS), further consolidating Hong Kong's status as a global digital asset finance center. On June 6, 2025, the Hong Kong government issued a notice in the Gazette, announcing that the bill will come into effect on August 1, 2025. NanoLabs Ltd is a web 3.0 infrastructure and product solutions provider, committed to the development of high throughput computing (HTC) chips and high performance computing (HPC) chips. The company has built a complete Stream Processing Unit (FPU) architecture that integrates the technical characteristics of HTC and HPC to provide integrated solutions for the market.