On November 14th, according to an announcement from the Hong Kong Stock Exchange, the board of directors of listed company Boyaa Interactive stated that purchasing and holding cryptocurrencies is an important initiative for the group's business layout and development in the Web3 field, and an important component of the group's asset allocation strategy. After careful consideration, the board of directors recommends seeking shareholder approval for the issuance of a purchase authorization, granting the board the right to potentially purchase cryptocurrencies during the authorization period, which is within the 12-month period from the date of the special general meeting of shareholders passing the relevant authorization and potential cryptocurrency purchase ordinary resolution, with a total purchase amount not exceeding 100 million US dollars.

Previously, on August 11th, listed company Boyaa Interactive announced that the board of directors had approved a budget of 5 million US dollars for the group to purchase cryptocurrencies on regulated and licensed trading platforms within the next year from the announcement date, mainly including Bitcoin (BTC) and Ethereum (ETH). The source of funds for the group's cryptocurrency purchases comes from the group's cash reserves generated from operations in Hong Kong and overseas.