EPSM News & Events

Epsium Enterprise announced the appointment of Wong Ching Wan as CFO of the Company, effective May 1. The Company also announced that Ming Yin Gordon Au Yeung, the current CFO, stepped down from the position effective April 30. The Company thanks Ming Yin Au Yeung for his contributions during his tenure. His departure was not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices. Wong brings over two decades of experience in financial reporting, internal controls, and regulatory compliance across U.S. and Hong Kong listed companies. Prior to joining Epsium, Wong served as CFO and Head of Reporting at Intelligent Living Application Group where he was responsible for SEC compliance and financial reporting. He holds a Bachelor of Business Administration in Accounting from The Chinese University of Hong Kong and a Master of Professional Business Administration from Troy University.

Epsium recorded revenue of $3.04M for the six months ended June 30, compared with $7.11M in the same period of 2024, primarily reflecting the timing of customer orders and deliberate inventory optimization. Operating loss was $0.69M, compared with an operating income of $0.54M a year ago, mainly due to higher professional and listing-related expenses. Net loss attributable to the company was $0.70M, or (5c) per basic and diluted share, on 12.73M weighted-average shares. "Our focus this year has been to strengthen our operating foundation following our successful listing on Nasdaq. We remain committed to disciplined execution across sourcing, inventory management, and capital allocation. During the first half of 2025, we continued to build long-term partnerships with our suppliers and key distribution clients while maintaining a conservative financial profile. Our liquidity position and improved gross margin reflect a more efficient operating structure that will support our future business development in Macau's premium beverage market," said Son I Tam, Chief Executive Officer of Epsium.

Epsium Enterprise issued the following statement in response to recent unusual trading activity in its shares. Epsium is aware of the recent volatility in the Company's stock price. The Company wishes to clarify that this trading activity is not related to any changes in its underlying business fundamentals, financial performance, or any undisclosed material developments. Epsium reiterates that its operations remain stable, its supply chain and distribution channels continue to function as normal, and there have been no corporate events or operational developments that would reasonably explain such unusual price fluctuations. The Company emphasizes that it continues to operate in the ordinary course of business, maintaining its long-standing relationships with suppliers and customers, and executing on its strategic priorities. Epsium 's mission to expand its market presence, strengthen its position in the premium alcoholic beverage sector, and deliver sustainable growth remains unchanged. The Company further confirms that its financial outlook and long-term strategic objectives are consistent with previous disclosures. Epsium reaffirms its dedication to transparency, timely disclosure, and strict compliance with all applicable securities laws and regulatory obligations. The Company will continue to provide updates to its shareholders and stakeholders as appropriate and in accordance with its disclosure responsibilities.