Echo International Holdings Group Limited announced that Under Rules 18.03, 18.48A and 18.49 of the GEM Listing Rules, the Company is required to publish the announcement in relation to the preliminary audited annual results of the Group for the year ended 31 March 2022 (the 2022 Audited Annual Results) and despatch its annual report (the 2022 Annual Report) to the shareholders of the Company on a date no later than three months after the end of the financial year of the Company, i.e. on or before 30 June 2022. According to the Frequently asked questions on the Joint Statement in relation to Results Announcement in light of Travel Restrictions related to the Severe Respiratory Disease associated with a Novel Infectious Agent (Joint Statement) and Holdings of General Meetings issued by the Securities and Futures Commission of Hong Kong and the Stock Exchange and last updated on 8 April 2022, a waiver application is not required where an issuer publishes a preliminary results announcement that does not fully comply with the requirements Rule 18.49 of the GEM Listing Rules. The board of directors of the Company informed to the Shareholders and potential investors of the Company that the publication of 2022 Audited Annual Results will be delayed as additional time required for the completion of audit work in respect of the financial information of the Group for the 2022 Audited Annual Results.

In particular, certain staff (including an accounting officer) of the associate of the Company, Bluemount Financial Group Limited (the Associate) or its subsidiaries were or has been subject to quarantine arrangements as they were close contact of persons infected with COVID-19 and thus they were unable to access, gather and deliver the necessary documents and information required for audit on a timely basis. In view of the above, the Board informed to the Shareholders and potential investors of the Company that the Company will not be able to publish the 2022 Audited Annual Results and despatch the 2022 Annual Report on or before 30 June 2022 in accordance with the GEM Listing Rules. Notwithstanding this, the Board informed to emphasize that the operation of the Group remains normal and that it will continue to work with the Auditor closely to publish the 2022 Annual Results and dispatch of 2022 Annual Report to the Shareholders.

The 2022 Annual Results and 2022 Annual Report are expected to be published by 14 July 2022.