According to Zhitong Finance App, Imperial Financial Group (08029) issued an announcement. Since all of the prerequisites contained in the placement agreement have not been reached or completed before October 31, 2024, the placement agreement has expired and the placement matters will no longer be carried out. All rights, obligations and liabilities of a party to a placement agreement will cease and be terminated, and no party shall file any claim against the other contracting party, except for any prior breach of the placement agreement prior to such termination.

The Board believes that the lapse of the placement agreement will not have any significant adverse impact on the company's current operations and financial situation.