The Hong Kong-listed company BitUniverse in the metaverse announced that it has entered into a placement protocol with the placement agent, intending to place up to 40 million shares of placement shares to no fewer than six placees through the placement agent, at a price of 0.41 Hong Kong dollars per share, representing a discount of approximately 19.61% from the closing price of 0.510 Hong Kong dollars per share on the day. The company intends to use the net proceeds from the entire placement for the application for the relevant licenses required to operate a virtual asset trading platform.