1 Imperium Crown Limited

IMPERIUM CROWN LIMITED (Company Registration No.: 199505053Z) (Incorporated in Singapore)

VOLUNTARY DISCLOSURE – INTERIM UPDATE ON PROPOSED ACQUISITION OF A 27% STAKE IN GLOBAL ENTERTAINMENT MEDIA PTE. LTD.

The Board of Directors of Imperium Crown Limited (the “ Company ") refers to the announcement (“ Announcement ”) dated 2 March 2017 in relation to the proposed acquisition of a 27% stake in Global Entertainment Media Pte. Ltd. (the “ Target ” or “ GEM ”), via a sale and purchase agreement entered into between the Company and Fortsmith Investments Limited (the “ Vendor ”) on 27 February 2017 (“ Proposed Acquisition ”).

GEM and its subsidiaries, Linyi Yin Sheng Hua Mei Ti Co., Ltd. ( 临沂银升文化媒体有限公司 ) (“ Linyi Yin Sheng ”) and Linyi Qi Shi Cheng Ying Shi Wen Lu Co., Ltd. ( 临沂奇石城影视文旅有限公司 ) (“ Linyi Qi Shi ”) (collectively the “ Target Group ”), hold approximately 40 years’ of operating rights to Wonder Stone Park and own a hotel situated in Wonder Stone Park, both of which are located in a commercial precinct in Fei County, Shandong, PRC.

The following is a summary of the Company’s ongoing due diligence conducted in relation to the Proposed Acquisition. The information produced herein includes preliminary findings from a feasibility study as well as interviews and discussions with the Vendor and Linyi City and Feixian community

1. SIZEABLE POPULATION BASE

Checks with various information sources indicate that Linyi City has a population of over 11 million people and is one of the largest cities within Shandong province, which is home to more than 100 million people. Fei County, or Feixian as it is also known, is a satellite town of Linyi City and is home to an estimated 800,000 people.

2. SHANDONG’S IMPRESSIVE DOMESTIC TOURISM FIGURES

Over the last five years, domestic tourism in China has seen a continuous year-on-year increase of above 10%, and now contributes over 4% to the growth of the country’s GDP. Shandong’s tourism revenue (including consumer spending as a result of tourism) grew by 14% year-on-year and reached RMB 706.8 billion in 2015, according to information compiled by local authorities. This was largely a result of integrating tourism activities between cities and counties, a trend that is beneficial to Feixian (where Wonder Stone Park is located) as it offers diverse travel options for tourists.

3. RICH CULTURAL HERITAGE AND THE IMPORTANCE OF FEIXIAN

From discussions with the Linyi City and Feixian community, the Company surmised that Feixian is regarded as the “Village of Wonder Stones” ( 奇石头之乡). It was culturally renowned and famed throughout Ancient China for drawing scholars and officials to its rich cultural assets which were from the Shang and Han Dynasties. Today, Feixian is well-known as Linyi City’s energy capital and a key region for technological education.

4. HIGH SPEED RAIL CONNECTIVITY

Local partners and government officials have confirmed that Feixian’s accessibility to key cities will be enhanced when the Feixian high-speed rail (HSR) line is expected to be completed in 20191. The gateway cities of Nanjing and Qingdao will be two hours away by HSR whilst Beijing and Shanghai will be three hours away by HSR. The Wonder Stone Park, is five minutes from the Feixian HSR station and walking distance from the Feixian Town Center and Bus Terminal.

1 Source: http://sd.dzwww.com/sdxwjxs/cfzx/201704/t20170427_15850655.htm

5. HIGH QUALITY PROJECT

The China National Tourism Administration (CNTA) has awarded Wonder Stone Park with a “AAAA” rating. The “AAAA” rating is an indication of the overall merit of the Wonder Stone Park based on factors including accessibility, construction quality, hygiene, safety, availability and quality of ancillary facilities. “AAAA” is the second highest rating given by the CNTA.

6. ATTRACTIVE PROJECT ECONOMICS

The Company is in the midst of completing its assessment of the feasibility study, legal report and valuation report of the Proposed Acquisition. The Vendor has emphasised their commitment to commence operations with revenue coming into the Target within the next two years. This is especially important as the High Speed Rail station at Feixian is expected to be operationally ready by 2019.

Following review of the above items, the Board will update shareholders upon the completion of the due diligence in due course. Simultaneously, the Company is finalising further negotiations with the Vendor with regards to the Target including, inter alia , the amended terms of the Proposed Acquisition and the extension of the long-stop date of 30 April 2017. The Board will provide further updates as and when there is any material development on the aforementioned.

CAUTIONARY STATEMENT

This interim update has been provided in line with the Company’s commitment to provide periodic and timely updates to shareholders and other stakeholders.

As there is no certainty as to when the Proposed Acquisition will be completed, shareholders of the Company are advised to exercise caution when dealing in the shares of the Company. In the meantime, shareholders should refrain from taking any action in respect of their shares which may be prejudicial to their interests. In the event of any doubt as to the action they should take, shareholders should consult their stockbrokers, bank managers, solicitors, accountants or other professional advisers.

By Order of the Board

Wan Jinn Woei Executive Chairman and Chief Executive Officer 28 April 2017

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"), for compliance with the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGXST assume no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Jennifer Tan, Senior Manager, Continuing Sponsorship, at 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, telephone (65) 6229 8088.