Linekong Interactive: Plans to use up to US$6 million to purchase cryptocurrencies in open market transactions

Linekong Interactive announced in an announcement that under the purchase authorization, the board of directors is authorized and empowered to purchase cryptocurrency in open market transactions up to a maximum amount of US$5 million. Cryptocurrencies are often extremely volatile by their nature and are subject to sudden and large price movements. Since the purchase authorization was approved on November 22, 2023, the value of cryptocurrency has increased sharply, making the purchase authorization less clear-cut than expected and ultimately limiting the increase in potential shareholder value. In light of these circumstances, the company believes it is necessary to revise the maximum amount to purchase cryptocurrencies in open market transactions to $6 million and further revise the unit price cap for Bitcoin and Ethereum to not exceed 10% of the market price. The Board believes that amending the purchase authorization will provide the Board with the flexibility to take advantage of fleeting opportunities. Other terms for purchasing licenses will remain unchanged.