Sino Prosper (Group) Holdings Limited announced that publication of the 2020/2021 Annual Results and the despatch of the 2020/2021 Annual Report will be further delayed as additional time is required in order to obtain further information required by the Company and the auditors of the Company in connection with, among others, (i) valuation of certain assets (including but not limited to a gold mine in the PRC); and (ii) expected credit loss in relation to the money lending business of the Group. The Board acknowledges that any delay in publishing the announcement in relation to the 2020/2021 Annual Results and the 2020/2021 Annual Report will constitute non-compliance with Rules 13.49(1) and 13.46(1)(a) of the Listing Rules. Discussions with the auditors of the Company are still ongoing and the Board and the management of the Company are doing their utmost to assist and cooperate the auditors to provide them with all required data and documents in order to complete the audit process as soon as possible.

The Company expects that the publication of the 2020/2021 Annual Results will be postponed to around the end of September 2022. Therefore, the Board meeting to approve the 2020/2021 Annual Results will be further postponed to a date to be determined by the Board accordingly.