Imperium Global : COMPLETION OF PLACING OF NEW SHARES UNDER GENERAL MANDATE

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Imperium Group Global Holdings Limited

帝 國 集 團 環 球 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 0776)

COMPLETION OF PLACING OF NEW SHARES

UNDER GENERAL MANDATE

Placing Agent

Reference is made to the announcements (the "Announcements") of Imperium Group Global Holdings Limited (the "Company") dated 11 April 2021 and 12 April 2021 in relation to the Placing. Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcements.

COMPLETION OF THE PLACING

The Board is pleased to announce that all the conditions set out in the Placing Agreement have been fulfilled on 27 April 2021 and completion of the Placing took place on 3 May 2021 in accordance with the terms of the Placing Agreement. An aggregate of 23,830,000 Placing Shares, representing approximately 7.66% of the issued share capital of the Company immediately after completion of the Placing, have been successfully placed to not less than six Placees at the Placing Price of HK$5 per Placing Share.

To the best of the Directors' knowledge, information and belief, having made all reasonable enquiries, each of the Placees and where appropriate, their respective ultimate beneficial owners is an Independent Third Party, and none of the Placees has become a substantial Shareholder immediately upon completion of the Placing.

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The gross proceeds from the Placing are approximately HK$119.1 million. The net proceeds, after deduction of all relevant expenses (including but not limited to placing commission, legal expenses and disbursements) incidental to the Placing of approximately HK$3.2 million, are estimated to be approximately HK$115.9 million, representing a net issue price of approximately HK$4.86 per Placing Share. The Company intends to apply the net proceeds from the Placing as to approximately HK$40 million for financing the Group's online game business, approximately HK$25.9 million for financing the Group's esports business and approximately HK$50 million for financing the Group's cloud computing and data storage services business.

EFFECT ON SHAREHOLDING STRUCTURE OF THE COMPANY

The shareholding structure of the Company (i) immediately before completion of the Placing; and (ii) immediately after completion of the Placing are set out below:

	Immediately before	Immediately after
	completion of the Placing	completion of the Placing
	Number of				Number of
	Shares		Approx.%	Shares		Approx.%
Diamond State (Note)	214,428,488	74.66%		214,428,488	68.94%
The Placees	-		-	23,830,000	7.66%
Public Shareholders	72,777,512	25.34%		72,777,512	23.40%
Total	287,206,000	100.00%		311,036,000	100.00%

Note:

Diamond State is a company incorporated in the British Virgin Islands with limited liability and is wholly and beneficially owned by Mr. Cheng.

By order of the Board

Imperium Group Global Holdings Limited

Cheng Ting Kong

Chairman

Hong Kong, 3 May 2021

As at the date of this announcement, the executive directors of the Company are Mr. Cheng Ting Kong, Ms. Yeung So Mui and Mr. Lin Junwei; and the independent non-executive directors of the Company are Mr. Fung Tze Wa, Mr. Ting Wong Kacee and Mr. Tse Ting Kwan.

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