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Nano Labs management has categorically rejected the rumors circulating on social media. According to an official statement from Jack Kong, the company's CEO, the claim that an influential member of the Abu Dhabi royal family invested $500 million to acquire 49% of WLFI's equity is completely unfounded.
This false information, initially spread by supposedly well-informed sources, quickly propagated before being officially corrected. The CEO clarified that this transaction never occurred and that the rumor constitutes serious misinformation aimed at misleading the market and investors. This clarification is intended to put an end to the circulation of these baseless allegations regarding an alleged majority stake by a member of the royal family in WLFI.