Boya Interactive: Intends to use up to $70 million in idle funds to purchase cryptocurrency

Boya Interactive Announcement: The company's board of directors suggests seeking prior approval from shareholders to grant purchasing authorization in order to authorize the board of directors to use idle cash reserves generated from the company's business operations during a period of 12 months from the date of the formal approval of relevant authorization and potential cryptocurrency purchases at the annual shareholders' meeting to purchase potential cryptocurrencies, provided that the total amount of purchases does not exceed $70 million, to support the development of the company's Web3 business and the operation of related projects.