Boyaa Interactive seeks shareholder authorization to purchase up to $100 million in cryptocurrency within one year

Boyaa Interactive, a Hong Kong-listed company, issued an announcement stating that the board of directors believes that purchasing and holding cryptocurrency is an important measure for the group’s business layout and development in the Web3 field and an important part of the group’s asset allocation strategy. After careful consideration, the Board proposes to seek the prior approval of shareholders for the grant of a purchase mandate to confer on the Board the authority to purchase and purchase cryptocurrencies during the mandate period, being the 12-month period from the date on which the ordinary resolution in relation to the mandate and potential cryptocurrency purchase is duly passed by the EGM. Make potential cryptocurrency purchases within the period, with the total purchase amount not exceeding $100 million. Previously on August 11, Boyaa Interactive, a Hong Kong-listed company, announced that its board of directors has approved a budget of US$5 million (approximately HK$39.098 million) for the group to purchase cryptocurrencies on regulated and licensed trading platforms within the next year. Including Bitcoin (BTC) and Ethereum (ETH) to promote the company's future business layout in the Web3 field. Boyaa Interactive stated that the source of funds for the group’s cryptocurrency purchases is the cash reserves generated by the group’s operations in Hong Kong and overseas. Regarding the purchase of cryptocurrency, the Group will execute it at its discretion based on market conditions.