Hong Kong-listed company Bit Universe announced that it has entered into a Placing Agreement with the Placing Agent, intending to place up to 40 million Placing Shares to not less than six Placers through the Placing Agent, each Placing Share is HK $0.41, a discount of about 19.61% from the closing price of HK $0.510 per share on the day, and the maximum net raise is HK $16 million. The company intends to use all the net proceeds from the Placing to apply for relevant licenses required to operate the Virtual Asset Trading Platform.