Imperium Financial : First Quarterly Report 2023

帝 國 金 融 集 團 有 限 公 司

IMPERIUM FINANCIAL GROUP LIMITED

(Incorporated in the Cayman Islands with limited liability) | Stock Code: 8029

2023 First Quarterly Report





CHARACTERISTICS OF THE GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE")

GEM has been positioned as a market designed to accommodate companies to which a high investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration. The greater risk profile and other characteristics of GEM mean that it is a market more suited to professional and other sophisticated investors.

Given the emerging nature of companies listed on GEM, there is a risk that securities traded on GEM may be more susceptible to high market volatility than securities traded on the Main Board of the Stock Exchange and no assurance is given that there will be a liquid market in the securities traded on GEM.

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this report, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this report.

This report, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Group. The Directors, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief: (1) the information contained in this report is accurate and complete in all material respects and not misleading; (2) there are no other matters the omission of which would make any statement in this report misleading; and (3) all opinions expressed in this report have been arrived at after due and careful consideration and are founded on bases and assumptions that are fair and reasonable.

First Quarterly Report 2023 1

FINANCIAL SUMMARY (UNAUDITED)



• Revenue of the Group was approximately HK$2,663,000 for the three months ended 30 June 2023, representing a decrease of approximately 56.30% from the corresponding period in the previous fiscal year.
• For the three months ended 30 June 2023, gross profit of the Group was approximately HK$2,542,000 as compared to the gross profit of approximately HK$5,983,000 from the corresponding period in the previous fiscal year.
• Profit attributable to owners of the Company for the three months ended 30 June 2023 amounted to approximately HK$3,184,000 as compared to loss of approximately HK$24,048,000 from the corresponding period in the previous fiscal year.
• Total comprehensive income attributable to owners of the Company for the three months ended 30 June 2023 amounted to approximately HK$2,717,000 as compared to loss of approximately HK$27,813,000 from the corresponding period in the previous fiscal year.
• The Directors do not recommend the payment of an interim dividend for the three months ended 30 June 2023 (2022: Nil).

2 Imperium Financial Group Limited

CONSOLIDATED FIRST QUARTERLY RESULTS FOR 2023 (UNAUDITED)



The board of Directors (the "Board") of the Company hereby announces the unaudited condensed consolidated results of the Group for the three months ended 30 June 2023 together with the comparative unaudited figures for the corresponding period in 2022 as follows:

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

For the three months ended 30 June 2023

		For the three months
		ended 30 June
	Note	2023	2022
		HK$'000	HK$'000
		(Unaudited)	(Unaudited)
Revenue	3	2,663	6,094
Direct costs		(121)	(111)
Gross profit		2,542	5,983
Other operating income		10,546	431
Impairment losses under expected credit loss		-
model, net of reversal	4	321
Other gains and losses		(82)	(17,453)
Administrative expenses		(5,252)	(9,131)
Finance costs	5	(4,570)	(4,199)
Profit/(loss) before taxation	6	3,184	(24,048)
Income tax expense	7	-	-
Profit/(loss) for the period attributable to		3,184
owners of the Company		(24,048)
Other comprehensive loss:
Item that may be reclassified subsequently to
profit or loss:
Exchange difference arising on translational of		(467)
financial statements of foreign operations		(3,765)
Other comprehensive loss for the period		(467)	(3,765)
Total comprehensive income/(loss) for the period		2,717
attributable to owners of the Company		(27,813)
Dividend	8	-	-
Earnings/(loss) per share (HK cents)	9	0.14
Basic and diluted		(1.05)

First Quarterly Report 2023 3

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL RESULTS



1. GENERAL INFORMATION

The Company is incorporated in the Cayman Islands on 11 July 2000 as an exempted company with limited liability under the Companies Law (Revised) of Cayman Islands. Its shares are listed on GEM of The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). As at the reporting date, the ultimate and immediate holding company of the Company is Fresh Success Investments Limited, a company incorporated in the British Virgin Islands, and is beneficially owned by Mr. Cheng Ting Kong ("Mr. Cheng").

The unaudited consolidated financial statements are presented in Hong Kong dollars ("HK$") which is same as the functional currency of the Company and all amounts are rounded to the nearest thousand (HK$'000) except otherwise indicated.

During the period ended 30 June 2023, the Group was principally engaged in money lending, securities and futures brokerage, assets management services, properties investment, investment in stallions and cryptocurrency mining.

2. BASIS OF PREPARATION

The unaudited condensed consolidated financial statements of the Group for the three months ended 30 June 2023 have been prepared in accordance with the Hong Kong Financial Reporting Standards, Hong Kong Accounting Standards and Interpretations (collectively, "HKFRSs") issued by the Hong Kong Institute of Certified Public Accountants (the "HKICPA"), accounting principles generally accepted in Hong Kong and the disclosure requirements of the GEM Listing Rules.

The unaudited consolidated results have been prepared under the historical cost convention except for certain properties, biological assets and certain financial instruments, which are measured at fair values. The accounting policies used in preparing the unaudited consolidated financial statements are consistent with those used in the Group's annual financial statements for the year ended 31 March 2023, except for the adoption of the new and amended HKFRSs that are first effective for the current reporting period.

The condensed consolidated financial statements of the Group for the three months ended 30 June 2023 are unaudited but have been reviewed by the Company's Audit Committee.

• Imperium Financial Group Limited