Bao Shen Holdings Limited announced that the preliminary audited annual results of the Group for FY2022 (the "2022 Audited Annual Results") and despatch its annual report for the same financial year (the "2022 Annual Report") to the shareholders of the Company (the "Shareholders") on a date no later than three months after the end of the financial year of the Company, i.e. on or before 31 March 2023. However, due to the Incident, the Company is still in the process of providing information to the Auditors for completing the audit procedures. In light of the Incident, the Company considers that the Incident may have impact on the 2022 Audited Annual Results, and would require additional time to gather further information in relation to the Incident and assess the impact thereof on the financial results of the Group for FY2022.

In this regard, the publication of the 2022 Audited Annual Results will be delayed until more information relating to the Incident can be obtained. After due and careful consideration, the Board is of the view that it would not be appropriate for the Company to publish its unaudited financial results for FY2022 based on its management accounts which have yet to be agreed with the Auditors at this stage as they may not reflect the complete and accurate financial performance and position of the Company. The Company will work closely with the Auditors to provide the requested information and documents to complete the audit procedures as soon as possible.

Further announcement(s) will be made by the Company in relation to the date of Board meeting to consider and approve, among other matters, the 2022 Audited Annual Results and the date of publication of the 2022 Audited Annual Results as well as any material development as and when appropriate or required in accordance with the GEM Listing Rules.