Greater Bay Area Dynamic Growth : (I) FURTHER DELAY IN PUBLICATION OF 2020 ANNUAL RESULTS; (II) DELAY IN DESPATCH OF 2020 ANNUAL REPORT; (III) POSTPONEMENT OF BOARD MEETING; AND (IV) CONTINUED SUSPENSION OF TRADING

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GREATER BAY AREA DYNAMIC GROWTH HOLDING LIMITED

(Incorporated in Bermuda with limited liability)

(Stock Code: 1189)

(I) FURTHER DELAY IN PUBLICATION OF 2020 ANNUAL RESULTS;

1. DELAY IN DESPATCH OF 2020 ANNUAL REPORT;

1. POSTPONEMENT OF BOARD MEETING; AND (IV) CONTINUED SUSPENSION OF TRADING

Reference is made to the (i) announcement of GREATER BAY AREA DYNAMIC GROWTH HOLDING LIMITED (the "Company", together with its subsidiaries, collectively referred to as the "Group") dated 22 March 2021 in respect of the possible delay in publication of the 2020 Annual Results; and (ii) the announcement of the Company dated 31 March 2021 in relation to, among other things, the delay in publication of the 2020 annual results (collectively the "Announcements"). Unless otherwise stated, capitalised terms used in this announcement shall have the same meanings as defined in the Announcements.

The Board announces that additional time is required by the Group's auditor (the "Auditor") to perform and complete its audit work. Accordingly, the Company is unable to publish the 2020 Annual Results on 15 April 2021. The Company has been using its best endeavors to assist the Auditor to complete the audit work. It is expected that the unaudited management accounts of the Group for the year ended 31 December 2020 will be published on 19 April 2021, and the 2020 Annual Results will be published on 30 April 2021.

The Board acknowledges that the delay in publication of the 2020 Annual Results constitutes non-compliance of Rule 13.49(1) of the Listing Rules.

Pursuant to Rule 13.46(1)(a) of the Listing Rules, the Company is required to despatch the annual report of the Company for the year ended 31 December 2020 (the "2020 Annual Report") to the Shareholders on or before 30 April 2021.

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Due to the further delay in publication of the 2020 Annual Results, there will be a delay in despatch of the 2020 Annual Report. It is expected that the 2020 Annual Report will be despatched to the Shareholders on or before 14 May 2021.

The Board acknowledges that the delay in despatch of the 2020 Annual Report constitutes non-compliance with Rule 13.46(1)(a) of the Listing Rules.

POSTPONEMENT OF THE BOARD MEETING

As additional time is required to finalise the 2020 Annual Results, the Board meeting scheduled to be held on Thursday, 15 April 2021 for the purpose of, among other matters, considering and approving the 2020 Annual Results for publication, and the recommendation of a final dividend, if applicable, will be postponed to Friday, 30 April 2021.

CONTINUED SUSPENSION OF TRADING

At the request of the Company, trading in its shares on the Stock Exchange has been suspended with effect from 9:00 a.m. on 1 April 2021 and will remain suspended until the release of the 2020 Annual Results.

By order of the Board

GREATER BAY AREA DYNAMIC

GROWTH HOLDING LIMITED

Lai Tsz Wah

Managing Director

Hong Kong, 14 April 2021

As at the date of this announcement, the Board comprises:

Executive Directors:	Independent Non-executive Directors:
Mr. Tam Chung Sun (Chairman)	Mr. Kwok Ka Lap, Alva
Mr. Lai Tsz Wah (Managing Director)	Mr. Poon Kwok Hing, Albert
Mr. Liu Hao	Mr. Sin Chi Fai

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