According to an announcement from the Hong Kong Stock Exchange, Imperial Financial Group Limited has signed a placing agreement with the placing agent, planning to place up to 46.68 million new shares at HK$0.388 per share, with an expected proceeds of approximately HK$18.1 million. If all the shares are fully sold, the net proceeds will be approximately HK$17.6 million. The company plans to use the net proceeds for the following purposes:

(i) approximately HK$7 million for general working capital;

(ii) approximately HK$6 million for further development of financial services, including upgrading existing SFC licenses related to crypto-asset trading and management;

(iii) approximately HK$4.6 million for the development and investment of Web 3.0 businesses and projects.