On August 28th, Guofu Innovation (00290) announced that the board of directors has approved the company to further increase the investment quota in cryptocurrency and virtual asset funds, and the company has carried out a series of transactions on the open market from March 2024 to August 2024 to purchase Bitcoin (BTC) with a total value of approximately HK $36 million (excluding transaction costs). The above-mentioned purchase of Bitcoin is paid with the proceeds of the group's financing activities and internal resources. On the other hand, the group has been actively investing in the Web 3.0 field, identifying and investing in Web 3.0 projects and start-ups that can disrupt traditional industries and have development prospects, and exploring the application prospects of Web 3.0 in financial technology. Cryptocurrency, as an important part of building the Web 3.0 Internet ecosystem and a circulating token built on blockchain technology, will be an important foundation for the Group to actively participate in the Web 3.0 field. The Group will also actively empower the Group to build the business growth curve in the Web 3.0 field by purchasing and holding cryptocurrencies.