Hong Kong Stock Exchange · Hong Kong

Boyaa Interactive

Boyaa Interactive International Limited

Treasury Qualification

Treasury classificationOperating Company with BTC Treasury

Qualification tierPending qualification

Directory statusNeeds Review

Ownership statusHOLD — methodology review required. No methodology-compliant eligible native-BTC balance, including an older balance, is established. btc_held and holdings_as_of are null. The prior 4,093 reported BTC, USD 68,211 average unit cost and historical holdings source refer to May 26, 2026, not a verified attributable balance. btc_total_reported retains that dated legacy disclosure only. The proposed 4,468-BTC September 21 headline and its structured fields remain WITHHELD because the source recheck was conditional; no new quantity is inferred. Native, deployed and claim allocations remain unresolved. Directory and data status are Needs Review; qualification is null/pending, never Watchlist. Board retirement of Tao Ying and appointment of Yin Chunyan do not establish termination of Tao's acting-CEO role; no unsupported CEO replacement is made.

Strategic intent

Boyaa Interactive treats Bitcoin as a core strategic Web3 asset and a central component of its transition from traditional online games toward Web3 games and blockchain infrastructure. Management has repeatedly increased the group’s Bitcoin holdings and states that Bitcoin supports ecosystem construction, product development, network operation, and long-term strategic transformation.

Bitcoin Treasury

Last verified attributable BTCUnknown

Balance dateNot established

Estimated valueUnavailable

Average purchase priceUSD 68,211

Not included in totals

HOLD — current attributable BTC remains unresolved

Ownership and Restrictions

Component figures are shown only when separately disclosed and may overlap; they are not additive. Components refer to the eligible balance date unless dated otherwise in research notes. “Not separately disclosed” does not imply zero.

Total BTC reported4,093

Unencumbered / unrestrictedNot separately disclosed

Pledged as collateral0

Loaned to third parties0

Subsidiary-ownedNot separately disclosed

Other restricted owned BTCNot separately disclosed

Latest Financial Results

Reporting period: Six months ended June 30, 2026

Revenue$258,326,000

Operating income/loss$-872,862,000

Net income/loss$-792,316,000

Cash$74,946,000

Management

Chief executive officer: Tao Ying (Acting Chief Executive Officer)
Chief financial officer: None
Executive chair: Dai Zhikang

Research Notes

Boyaa Interactive reported total holdings of 4,093 BTC as of May 26, 2026, at an average unit cost of approximately US$68,211. This amount is one BTC higher than the 4,092 BTC reported at December 31, 2025 and in the company’s 2025 annual report. A separate conditional agreement to acquire 10 additional BTC was scheduled for completion on June 29, 2026; those 10 BTC are not counted because completion and transfer had not yet been publicly confirmed in the source used for this record. The group describes Bitcoin as a core Web3 strategic asset used to support Web3 games, wallet infrastructure, blockchain networks, staking, liquidity, and related ecosystem development. The annual report states that the group’s regulated custody arrangements preserve its legal ownership. No bank borrowings were outstanding at December 31, 2025, and no Bitcoin pledge or loan was identified. Because portions of the holdings have been or are intended to be deployed operationally, the record does not assume that all 4,093 BTC are presently unencumbered. For 2025, Boyaa reported HK$467.667 million in revenue, a loss attributable to owners of approximately HK$238.6 million, total assets of HK$3.354303 billion, total liabilities of HK$467.131 million, and cash and cash equivalents of approximately HK$62.1 million. Local refresh methodology note — September 29, 2026 (approved Batch 2 and subsequent manifest refinements; not a blanket verification date): HOLD — methodology review required. No methodology-compliant eligible native-BTC balance, including an older balance, is established. btc_held and holdings_as_of are null. The prior 4,093 reported BTC, USD 68,211 average unit cost and historical holdings source refer to May 26, 2026, not a verified attributable balance. btc_total_reported retains that dated legacy disclosure only. The proposed 4,468-BTC September 21 headline and its structured fields remain WITHHELD because the source recheck was conditional; no new quantity is inferred. Native, deployed and claim allocations remain unresolved. Directory and data status are Needs Review; qualification is null/pending, never Watchlist. Board retirement of Tao Ying and appointment of Yin Chunyan do not establish termination of Tao's acting-CEO role; no unsupported CEO replacement is made. Financial mapping: HKD (Hong Kong dollars). Revenue: "Revenue". Net result: "(Loss)/profit for the period attributable to owners of the Company", HKD -792,316,000. Cash follows the cash-flow reconciliation. Statements authorized August 20, published September 8; six-month period, not Q2 alone. Financial source publication/filing date: September 8, 2026. Source: https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0908/2026090800378.pdf. Holdings evidence: https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0526/2026052602312.pdf.