BOYAA(HK:00434) Ge Long Hui·2025-09-10 00:06Core Viewpoint - The company plans to raise funds through a share placement at HKD 6.95 per share to expand its cryptocurrency reserves and support its Web3 business development [1][2]. Group 1: Fundraising and Use of Proceeds - The company intends to place up to 63.51 million shares, with approximately 90% of the proceeds earmarked for purchasing Bitcoin to enhance its Web3 operations [2]. - The remaining 10% of the funds will be allocated for general corporate purposes and working capital [2]. Group 2: Web3 Strategy and Cryptocurrency Reserves - The board believes that the company's strategic shift towards Web3 and its Bitcoin reserve strategy have proven successful, establishing a foundation for sustainable growth in the Web3 sector [1]. - The company aims to maintain a leading position in the competitive Web3 digital landscape and contribute to Hong Kong's advantageous position in this field [1]. - The long-term holding and continuous increase of Bitcoin reserves are viewed as a crucial strategic pillar for the company [2]. Group 3: Market Position and Future Plans - The company is committed to complying with relevant laws and regulations while developing its traditional and Web3 businesses [2]. - It aims to solidify its market position in the gaming sector by investing in suitable third-party Web3 games and developing its own Web3 gaming infrastructure [2]. - Recently, the company spent HKD 257 million to acquire approximately 290 Bitcoins, indicating its commitment to expanding its cryptocurrency holdings [3].