Emperor Capital Group Limited announced that Emperor International Holdings Limited entered into the 2021 FSA with Emperor Capital for the period commencing from 1 October 2021 to 30 September 2024, and subsequently, in order to continue such similar Financial Services, the 2021 FSA was renewed and the 2024 FSA was entered into with Emperor Capital for the period commencing from 1 October 2024 to 30 September 2027. Along with the execution of the limited partnership agreement on 12 April 2024 to form the property asset investment fund, the Board anticipated that there will be an increasing demand from the Group for using the Financial Services, in particular wealth management and asset management services. As such, the Company proposed to revise the Annual Caps during the term of the FSAs.

Key terms and condition of FSAs: Pursuant to the 2021 FSA and 2024 FSA, Emperor Capital Group has agreed to provide Financial Services to the Group. Detailed rates and terms will be specified in the individual contract(s) governing each transaction, assessed based on the type of services to be provided and the considerations are normally settled by cash; and will be on normal commercial terms taking reference of the market price and practice, and in any event, such rates and terms shall be no less favourable to the Group than those available to Independent Third Party. Historical amount of Service Fee, Annual Caps and basis of determination The Service Fee payable by the Group shall include commission and brokerage fees on dealing in securities, futures and options contracts; commission and fees for asset management, insurance brokerage and wealth management service; and commission for appointing members of Emperor Capital Group as placing agent, underwriter or sub-underwriter for the securities of the Company.

The historical transaction amount of Service Fee paid by the Group to Emperor Capital Group for 12 months ended 31 March 2022, 2023 and 2024 are approximately HKD 22,000, HKD 7,000 and Nil respectively. Given that the Company expects that the Service Fee payable by the Group to Emperor Capital Group for the period under FSAs will be over the de minimis threshold for fully exempt transaction pursuant to Rule 14A.76 of the Listing Rules, the Company has re-evaluated and proposed to revise the Annual Caps for the respective periods of 2021 FSA and 2024 FSA.