Epsium Enterprise Ltd

The Operating Entity imports and sells Chinese and and Western liquors featuring prestigious and popular brands. The company primarily procures its products in bulk on an ad hoc basis from the market, without formal long-term supply and distribution arrangements with manufacturers or distributors. The business operates under the regulatory framework of the Macau Special Administrative Region (SAR), as established by the Basic Law of the Macau SAR, promulgated by the National People's Congress of the PRC. The Operating Entity's supply chain is susceptible to disruptions from events such as abnormal weather, changes in import/export restrictions, or global pandemics. For example, during 2022, the COVID-19 pandemic led to restrictive measures by governments, including the PRC and Macau SAR, which caused disruptions to supply chain operations locally, regionally, and globally. While the Operating Entity did not experience significant supply shortages during this period, prolonged disruptions could impact its ability to fulfill customer orders or maintain inventory levels. Price volatility, driven by exchange rate fluctuations or sudden shifts in demand and supply, may necessitate passing on price increases to customers, potentially decreasing sales volume.