Imperium Global : INSIDE INFORMATION IN RELATION TO OUR RELATIONSHIP WITH THE MAJOR CUSTOMER OF THE HOUSEHOLD PRODUCTS BUSINESS

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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)

INSIDE INFORMATION IN RELATION TO

OUR RELATIONSHIP WITH THE MAJOR CUSTOMER OF

THE HOUSEHOLD PRODUCTS BUSINESS

This announcement is made by Imperium Group Global Holdings Limited (the "Company", together with its subsidiaries, the "Group") pursuant to Rule 13.09 of the Rules (the "Listing Rules") Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

The board (the "Board") of directors (the "Director(s)") of the Company wishes to inform shareholders (the "Shareholders") of the Company and potential investors that on 14 September 2020, the Group received an email from the major customer (the "Major Customer") of its household products business (the "Household Products Business") pursuant to which the Major Customer informed the Group that it was planning to terminate the business relationship (the "Termination of Business Relationship") with the Group within one month's time from the date of the said written notice. The Board is given the understanding that the Termination of the Business Relationship was mainly due to the Group's delay in confirming whether it would proceed with the proposed plan (the "Plan") for the enhancement of the existing production facilities of the Household Products Business, including investments in automation, other production equipment and environmental protection facilities, as unilaterally demanded by the Major Customer as a precondition for the Major Customer to continue its business relationship with the Group.

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Taking into account (i) the significant amount of capital investments required for implementation of the Plan; (ii) the deteriorating business performance of the Household Products Business in recent years; (iii) the current financial conditions of the Group; (iv) the unwillingness by the Major Customer to place any committed sales orders with the Group; and (v) the uncertain outlook of the trade relationship between China and the US, the Board considered that it was not in the interest of the Company and its shareholders to proceed with the Plan and that the Group would be better off by reallocating its financial resources for the development and expansion of its online games business (the "Online Games Business").

As set out in the audited consolidated financial statements of the Company for the year ended 31 December 2019, the Major Customer accounted for approximately HK$178.59 million in turnover of the Group for the year ended 31 December 2019, representing 76.46% of the Group's total turnover. As at the date of this announcement, the Group is still in the process of negotiating with the Major Customer in relation to the Termination of Business Relationship and ascertaining the extent of potential financial impact on the Group as a result thereof. The Board will take appropriate actions to minimise the negative impact on the Group by, among others, expanding the Group's customer base for the Household Products Business, shifting some of the production capacities to other customers, implementing cost saving measures and continuing to develop the Online Games Business.

The Board will make further announcement to inform the Shareholders and potential investors of any material developments of the Termination of Business Relationship if and when appropriate.

By order of the Board

Imperium Group Global Holdings Limited

Cheng Ting Kong

Chairman

Hong Kong, 14 September 2020

As at the date of this announcement, the executive directors of the Company are Mr. Cheng Ting Kong, Ms. Yeung So Mui, Mr. Luk Wai Keung and Mr. Leung Kwok Yin; 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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