A Metaverse Company announced that the publication of the Announcement and up to the date hereof, senior management of the Group have been engaging in discussions with the Minority Equity Holder in reaching an amicable solution in relation to the Incident which is acceptable to both parties. The Company will then use its best endeavours to assist the auditor of the Company in determining he financial impact of the Incident to the Group and completing the audit work. On the basis of the aforesaid and the information currently available to the Company, the Board estimates hat the announcement in relation to the 2021 Audited Annual Results will be published on or before 31 May 2022.

and the company is required to despatch to every shareholder a copy of its annual report for the financial year ended 31 December 2021 (the "2021 Annual Report") not later than four months after the end of the financial year, being not later than 30 April 2022. As a result of the delay in the finalisation of the audit of the 2021 Audited Annual Results, the Company will not be able to despatch the 2021 Annual Report by 30 April 2022 and will constitute non-complaince of Rule 13.46(2)(a) of the Listing Rules. It is currently estimated that the 2021 Annual Report will be despatched to the shareholders of the Company on or before 31 May 2022.