The board of Beautiful China Holdings Company Limited announced that shareholders of the Company (the "Shareholders") and potential investors that, based on the latest development and progress of the audit process, additional time is required for completion of the audit process for the 2019 Annual Results. Based on the recent discussion with the Company's auditor, the Board currently expects that, barring unforeseen circumstances, the audit procedures will be completed on or before 30 June 2020 and the audited annual results announcement and the annual report for the year ended 31 December 2019 will be published on 30 June 2020.