Shareholders' Meeting

Boyaa Interactive will hold a special shareholders' meeting on December 20 to vote on "whether to purchase $100 million in cryptocurrency."

ChainCatcher news, Hong Kong-listed company Boyaa Interactive International Limited will hold a special general meeting of shareholders on December 20, 2023. At this special general meeting, the purchase authorization will be considered and approved at the discretion of the shareholders, authorizing the directors to make potential cryptocurrency purchases.All votes at the special general meeting will be conducted by ballot. The directors (including independent non-executive directors) believe that the terms of the purchase authorization related to potential cryptocurrency purchases are fair and reasonable, in line with normal commercial terms, and in the overall interest of the company and its shareholders.The board of directors of Boyaa Interactive believes that the purchase and holding of cryptocurrencies are important measures 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 recommends seeking prior approval from shareholders to grant the purchase authorization, which will empower the board of directors to make potential cryptocurrency purchases during the authorization period, specifically within 12 months from the date of the ordinary resolution passed at the special general meeting regarding the authorization and potential cryptocurrency purchases, with a total purchase amount not exceeding $100 million. Boyaa Interactive plans to primarily purchase Bitcoin (BTC) and Ethereum (ETH) under the purchase authorization, intending to buy $45 million in BTC and $45 million in ETH, in addition to allocating $10 million to Tether (USDT) and USD Coin (USDC).
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