Company Description

Our mission is to become a world-renowned supplier of caviar products and offer our caviar-based gourmet products around the globe with unparalleled gastronomical experience. Headquartered in Hong Kong, we are a fast-growing supplier of luxury caviar products. We are currently specialized in supplying premium class sturgeons caviar. Our caviar is endorsed with the Convention on International Trade in Endangered Species of Wild Fauna and Flora (“CITES”) permits, which certifies that our caviar is legally traded. We are one of the major suppliers of caviar in Hong Kong being able to secure a long-term and exclusive supply of caviar raw products from sturgeon farm. Since we established our caviar business in August 2021, we had supplied caviar to our customers under their brand labels (i.e. private labelling) or without brand labels. Subsequently in November 2021, we established our own caviar brand, “Imperial Cristal Caviar”, and started selling caviar under our own brand as well. With its exquisite package design, our branded caviar is ideal to be presented as both culinary delights and festive gifts. Imperial Cristal Caviar has continuously achieved tremendous sales growth since its launch in the market. Our customers primarily and substantially include food and beverage (“F&B”) related distributors. We have strategically focused on business-to-business sales (B2B) which would allow us access to our customers’ sales network and consumer base that helps us maximize the reach of our products swiftly and effectively. As our caviar products gain popularity worldwide, our customer base has continuously expanded as a result of customers’ referral and our marketing efforts. Our caviar products are mainly sold to customers based in Hong Kong and a substantial portion are exported overseas by our customers. As our products gradually become more well-known in the international market, we aspire to expand our sales channels from only selling through distributors to selling our products directly to overseas customers. Attributable to the expansion in our customer base and increase in our sales volume, our revenue increased significantly from approximately US$19,615 for the year ended December 31, 2021 to approximately US$8.5 million for the year ended December 31, 2022, representing an increase of over four hundred times; while we have turned around from a loss before tax of approximately US$16,888 for the year ended December 31, 2021 to a profit before tax of approximately US$2.3 million for the year ended December 31, 2022. Our revenue increased from approximately US$3.7 million for the six months ended June 30, 2022 to approximately US$7.0 million for the six months ended June 30, 2023; while our profit before tax increased from approximately US$1.1 million to approximately US$1.9 million in the corresponding periods. We take pride in our well-tested, reliable caviar supply chain management module, which helps ensure the palatability and freshness of our products when they reach our customers. We are among one of the few Hong Kong caviar suppliers being able to secure a long-term and exclusive supply of caviar raw products from sturgeon farm. In April 2022, we entered into an exclusive supply agreement with Fujian Aoxuanlaisi Biotechnology Co., Ltd (“Fujian Aoxuanlaisi”), the agent and sole distributor of a well-established sturgeon farm in Fujian, the PRC, and we are appointed as Fujian Aoxuanlaisi’s exclusive distributor in Hong Kong and Macau for conducting overseas distribution and granted us the rights to procure caviar directly from it for a term of 10 years. This sturgeon farm is one of the six existing PRC sturgeon farms which are officially permitted to export locally-bred roe. We have engaged a Hong Kong-based supply chain management company to handle the logistics, warehousing and packaging workflows in our supply chain, so we can strategically focus on brand-building and product quality assurance. We are dedicated to enhancing our brand awareness. As part of our sales and marketing efforts, we have proactively participated in food expo and set up pop-up stores across the world. We have also collaborated with famous food bloggers and used different online platforms and media coverage to promote and strengthen the publicity of our products. We regularly invite chefs of notable hotels and restaurants to our tasting events. Currently, our caviar are directly served on the menus of various 5-star and Michelin-star restaurants in Hong Kong. According to the Industry Report, the global caviar market increased from approximately US$1,381.7 million in 2018 to approximately US$2,230.4 million in 2022, representing a CAGR of approximately 12.7%. Driven by (i) the growing number of high-net-worth individuals worldwide who have cultivated awareness of the health and skincare benefits of caviar; (ii) the technological advancement in sturgeon-farming and caviar processing; and (iii) series of supportive policies introduced by the governments of different countries around the globe to propel artificial reproduction of sturgeon, the global caviar market is expected to continue to grow from 2022 to 2027, reaching approximately US$4,251.3 million in 2027, representing a CAGR of approximately 13.8%. --- Our principal executive offices are located at Units 714 & 715, 7F, Hong Kong Plaza, 118 Connaught Road West, Hong Kong. Our telephone number at this address is +852 36158567. Our registered office in the Cayman Islands is located at the office of Ogier Global (Cayman) Limited, 89 Nexus Way, Camana Bay, Grand Cayman, KY1-9009, Cayman Islands. Our agent for service of process in the United States is Cogency Global Inc. located at 122 East 42nd Street, 18th Floor, New York, NY 10168. Our website is https://www.imperialcristalcaviar.com/.