Imperium Technology Group Limited provided unaudited earnings guidance for the year ended 31 December 2023. The Group is expected to record a loss after tax of not less than approximately HKD 95.0 million for the year ended 31 December 2023 (the "Year") as compared with a net loss of approximately HKD 180.4 million for the year ended 31 December 2022. The Board considered that the decrease in the aforesaid loss was primarily attributable to the combined effects of the following factors: decrease in administrative expense including share based payment in the amount equivalent to approximately HKD 6.3 million for the year ended 31 December 2023 compare with HKD 56.1 million for the year ended 31 December 2022; decrease in distribution expense to approximately HKD 3.3 million for the year ended 31 December 2023 compare with HKD 13.2 million for the year ended 31 December 2022 due to delay in launching online games; increase in other gain or loss due to gain on disposal of subsidiaries for the amount of HKD 21.1 million for the year ended 31 December 2023 (31 December 2022: HKD Nil); decrease in impairment loss of approximately HKD 43.9 million arising from mining machines of Filecoin and Chia coins and cryptocurrency deposits and receivables and
cryptocurrencies for the year ended 31 December 2022 (31 December 2023: HKD Nil); increase in write off and impairment loss of intangible assets (including that for terminated games and games under development of approximately HKD 44.1 million for the year ended 31 December 2023 (31 December 2022: HKD 2.5 million).