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Hong Kong-listed company EDA Group Holdings plans to spend up to $5 million to buy cryptocurrencies

Hong Kong-listed company EDA Group Holdings issued a voluntary announcement, disclosing that the company's board of directors proposed a cryptocurrency purchase plan with a total amount of no more than 5 million US dollars. The company is currently exploring blockchain technology to empower the cross-border e-commerce logistics industry to promote cross-border commodity full-link traceability and cryptocurrency B2B settlement. In addition, EDA Group Holdings announced that it will establish a department dedicated to managing and supervising virtual asset business and risk control.