According to Odaily Planet Daily, Hong Kong-listed company Ying Yuzhou issued an announcement that the board of directors is optimistic about the potential of cryptocurrencies and believes that investing in cryptocurrencies is crucial to the group's Web3.0 business development strategy and asset allocation strategy. After careful consideration, the board of directors recommends seeking shareholders' prior approval to grant a purchase authorization to purchase potential cryptocurrencies during the authorization period (i.e., twelve months from the date on which shareholders formally pass the ordinary resolution on the purchase authorization and potential cryptocurrency purchases at the annual general meeting of shareholders), but the total amount shall not exceed US$100 million.