Kasei Holdings Plc - Half-Year Results

28 April 2023

KASEI HOLDINGS PLC

(“Kasei” or the “Company”)

Half-Year Results

Kasei Holdings PLC (AQSE: KASH), a digital asset and web 3.0 investment company, announces its unaudited Half-Year results for the period ending 31 January 2023. The full unaudited financial statements will be uploaded to the Company website: https://kaseiholdings.com/.

Highlights:

The company continues to invest in exciting use cases and projects in the space such as a strategic investment in Alkimi.

https://www.alkimi.org/ 

Alkimi exchange is a decentralised replacement for inefficient legacy programmatic ad exchanges with the mission to restore the value exchange between advertisers, publishers and users. Alkimi is built on a directed acyclic graph—a revolutionary blockchain technology which provides a fast, scalable solution with 0% fraud, low transaction fees and complete end-to-end transparency. Alkimi reestablishes the intended value exchange between users, publishers and advertisers.

As part of the investment Kasei has received 500,000 tokens at a price of $0.115 in addition to warrants.

Post-period highlights:

•   The company has opened a position in GBTC (Grayscale Bitcoin Trust)
•   Received investment of £164,099 from Aalto Capital at 12p per share

Outlook:

The Company acknowledges that there are still uncertainties and challenges that lie ahead especially in the regulatory environment for Digital Assets but remains positive on the future potential of the industry and sees encouraging signs of progress of companies in the space. We believe that we will be in a strong position to take advantage of opportunities as they arise.

The directors of Kasei Holdings PLC accept responsibility for this announcement.

I would also like to take this opportunity to thank all our shareholders for their support.

Brendan Kearns - Chief Financial Officer

For further information please contact:

KASEI HOLDINGS PLC

CONDENSED INCOME STATEMENT

For the period ended 31 January 2023

KASEI HOLDINGS PLC

CONDENSED STATEMENT OF FINANCIAL POSITION

For the period ended 31 January 2023

KASEI HOLDINGS PLC

CONDENSED STATEMENT OF CHANGES IN EQUITY

For the period ended 31 January 2023

KASEI HOLDINGS PLC

CONDENSED STATEMENT OF CASH FLOWS

For the period ended 31 January 2023

KASEI HOLDINGS PLC

NOTES TO THE CONDENSED FINANCIAL STATEMENTS

For the period ended 31 January 2023

1.    General information

Kasei Holdings plc is a public limited company incorporated on 09 July 2021 within the United Kingdom. The company is domiciled in the United Kingdom and its principal place of business is 72 Charlotte Street Ground Floor, London, England, W1T 4QQ. The Company’s ordinary shares are traded on the Aquis Exchange.

These condensed interim financial statements for the period ending 31 January 2023 were approved by the board of directors on 12^th April 2023.

The financial information set out in this interim report does not constitute statutory accounts for the purposes of section 434 of the Companies Act (2006).

The interim financial statements have been prepared using accounting policies inline with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

Copies of this interim report can be found on our website at www.kaseiholdings.com or can be requested from the Company Secretary at the Company’s registered office: 72 Charlotte Street Ground Floor, London, England, W1T 4QQ.

2.    Basis of preparation

These interim financial statements for the period ended 31 January 2023 have been prepared in accordance with FRS 104, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

3.    Revenue and segmental results

The Company uses several factors in identifying and analysing reportable segments, including the basis of organisation such as differences in products and geographical areas. The Board of Directors, being the chief operating decision makers, has determined that for the period ended 31 January 2023 there is only one reportable operating segment.

4.    Income tax charge

Income period tax is accrued based on the estimated average annual effective income tax rate of 19 per cent.

KASEI HOLDINGS PLC

NOTES TO THE CONDENSED FINANCIAL STATEMENTS (Continued)

For the period ended 31 January 2023

5.    Earnings per share

Basic earnings per share is calculated by dividing the profit attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding during the year.

Diluted earnings per share are calculated by dividing the profit attributable to ordinary owners of the parent by the weighted average number of ordinary shares outstanding during the year plus the weighted average number of ordinary shares that would have been issued on the conversion of all dilutive potential ordinary shares into ordinary shares.

The following reflects the income and share data used and dilutive earnings per share computations:

6.    Dividends

During the interim period no dividend was declared to holders of the Company’s ordinary shares in respect of the period ended 31 January 2023.

KASEI HOLDINGS PLC

NOTES TO THE CONDENSED FINANCIAL STATEMENTS (Continued)

For the period ended 31 January 2023

7.    Related party transactions

The Company has a related party relationship with its directors and related companies.

For further information visit www.kaseiholdings.com or contact:

Email : info@kaseiholdings.com              Kasei Holdings plc