The Web3 industry represents a rapidly emerging market with significant development potential. In 2024, the global Web3 sector continued to demonstrate positive growth momentum. Given the strong appeal of virtual assets among global investors, and the future opportunities that their integration into the Web3 ecosystem may bring, the Hong Kong government has remained committed to fostering a supportive environment. These efforts have contributed to the sustainable development of both the Web3 industry and the virtual asset market.

Since 2023, the Group has actively expanded its presence in the Web3 sector, aiming to leverage our established online gaming platform in conjunction with Web3 technologies to innovate and develop industry-leading Web3 gaming-related products. Additionally, we have invested in and incubated a range of Web3 projects. Expanding our Bitcoin reserves also remains a key strategic objective. The Group maintains a positive outlook on the cryptocurrency market and the long-term value of Bitcoin. We intend to hold Bitcoin as a long-term asset and will continue to increase our holdings. We do not rule out raising funds in the secondary market through equity placements or bond issuances to support this strategy.

Driven by multiple waves of technological transformation, the online gaming industry will continue to face both opportunities and challenges. We believe the Web3 sector, as an emerging field, will sustain its growth trajectory and gradually mature. The Group is confident in the long-term prospects of this market.

Moving forward, the Group will continue to adhere to the development strategy established in 2024, building on past experience and focusing on the following key initiatives:

‧ Proactively advancing our Web3 strategy with the goal of positioning the company as a pure and leading publicly listed Web3 enterprise;

‧ Maintaining a long-term position in cryptocurrencies while continually expanding our reserves. We do not exclude the possibility of raising capital in the secondary market through share placements or bond issuances;

‧ Continuing the research, development, investment, and incubation of Web3 projects, with a particular focus on the development of Web3 gaming products and infrastructure. We will actively identify and support promising Web3 initiatives to accelerate the Group’s strategic deployment in the sector;

‧ Ensuring the stable growth of our traditional online gaming business by further enhancing game features and infrastructure, enriching content and gameplay, prioritizing user experience, and delivering high-quality services;

‧ Deepening exploration and innovation in the operational models of both domestic and international gaming products; and

‧ Continuing to develop new competitive esports gaming products to strengthen player engagement and loyalty, with the aim of establishing industry-leading Web3 gaming offerings and building Boyaa’s board and card games into a centennial brand.