Reference is made to the announcements of CA Cultural Technology Group Limited dated 29 June 2022 and 16 August 2022 respectively, in relation to, amongst other things, expected delay in publication of audited annual results announcement for the year ended 31 March 2022 of the Group (the "Audited Annual Results"). The Board informed the Shareholders and potential investors that, due to the aggravating pandemic condition in Hong Kong, certain key audit procedures including review on valuation works prepared by the expert engaged by the Board have been delayed. Hence, additional time is required for the auditors to work with the auditor's expert to obtain sufficient appropriate audit evidence on the recoverable amount of certain material assets held by the Group.

Due to the above circumstances, the Audit Process has not been completed as at the date of this announcement. Based on the information currently available to the Company and the current progress of the Audit Process, it is anticipated that the expected publication date of the Audited Annual Results will be postponed to 20 September 2022 and the expected despatch date of the annual report of the Group (the "Annual Report") will be postponed to 28 September 2022.