On September 17, Boyaa Interactive (00434.HK) announced that it has entered into a subscription agreement with MTT ESports Limited ("MTT ESports") on September 17, 2024, and will invest 100 units of bitcoin (BTC) to MTT ESports. According to the market price of bitcoin on the day before this announcement, it is equivalent to a total value of approximately 5.8193 million US dollars.
After the investment is completed, the company will acquire 25% equity of MTT ESports. MTT ESports will not become a subsidiary of the company due to the investment, and its financial performance will not be consolidated into the group's financial statements. Based on the reasonable inquiries made by the directors, MTT ESports and its beneficial owners are all independent third parties and have no connection with the company or its affiliates.
MTT ESports is a limited liability company registered and established in the British Virgin Islands. It is a company that focuses on the development and operation of Web3 infrastructure and Web3 games. It develops and owns the MTT Sports game platform and MTT Network.