According to Golden Finance, Hong Kong-listed company Bityuan Universe issued an announcement, announcing an entry into a placement agreement with the placement agent, intending to allocate up to 40 million shares of the placement shares to no less than six placers through the placement agent, with a placement share of HK$0.41 per share, which is about 19.61% discount to the closing price of HK$0.510 per share, and a net increase of approximately HK$16 million. The company intends to use the net proceeds from the placement to apply for the relevant licenses required to operate the virtual asset trading platform.