Yinguniverse plans to seek shareholder approval for cryptocurrency purchases totaling no more than $100 million

As the Board of Directors believes in the potential of cryptocurrencies and that investing in cryptocurrencies is critical to the Group's Web 3.0 business development strategy and asset allocation strategy, after careful consideration, the Board of Directors recommends seeking prior approval from shareholders to grant the Purchase Authorization to grant the Board of Directors the authority to make potential cryptocurrency purchases during the Authorization Period (i.e. twelve months from the date of the General Resolution on the Purchase Authorization and Potential Cryptocurrency Purchase being formally adopted by shareholders at the Annual General Meeting), provided that the total amount does not exceed USD 100 million.