China Creative Global : FURTHER DELAY IN PUBLICATION OF AUDITED ANNUAL RESULTS ANNOUNCEMENT AND DESPATCH OF ANNUAL REPORT AND POSTPONEMENT OF ANNUAL GENERAL MEETING

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CHINA CREATIVE GLOBAL HOLDINGS LIMITED

中創環球控股有限公司

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 1678)

FURTHER DELAY IN PUBLICATION OF AUDITED ANNUAL RESULTS ANNOUNCEMENT

AND DESPATCH OF ANNUAL REPORT

AND

POSTPONEMENT OF ANNUAL GENERAL MEETING

Reference is made to the announcements (the "Announcements") of China Creative Global Holdings Limited (the "Company") dated 31 March 2020, 28 April 2020, 15 May 2020, 1 June 2020, 8 June 2020, 22 June 2020 and 2 July 2020 in relation to, among others, the delay in publication of the Audited Annual Results Announcement and the despatch of the Annual Report of the Company, and the holding of AGM, and the holding of a meeting of the Board for the purpose of, among other matters, considering and approving the publication of the 2019 Annual Results. Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as defined in the Announcements.

DELAY IN PUBLICATION OF THE AUDITED ANNUAL RESULTS ANNOUNCEMENT AND DESPATCH OF THE ANNUAL REPORT

As disclosed in the Announcements, due to the precautionary and control measures implemented in the PRC and Hong Kong after the COVID-19 outbreak, the audit of the 2019 Annual Results has been affected and delayed.

The Board wishes to update the shareholders and potential investors of the Company that, based on the latest development and progress of the auditing process, additional time is required for the completion of the auditing process for the 2019 Annual Results, including but not limited to the third-party confirmations to be received. The Auditor had not yet received sufficient replies to the third-party confirmations requested from, including but not limited to prepayments, other receivables, service providers of advertisement, trade debtors and trade creditors. Therefore, additional time is required for the Auditor to re-arrange direct confirmations, and perform alternative procedures for non-replied confirmations including but not limited to arranging direct communications with certain suppliers and customers of the Group.

Also, the Auditor requested a physical inspection and an interview with the Group's major advertising service provider in Beijing, which are pending for arrangement.

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There has been a new severe round of the COVID-19 outbreak in Hong Kong since July 2020, thus the audit arrangement for the 2019 Annual Results has been adversely affected.

No material audit modification has been concluded up to the date of this announcement.

The Company is negotiating with the Auditor for the concrete audit time table. The Company currently expects that, barring unforeseen circumstances, the Audited Results Announcement will be published on or before 31 August 2020, the Annual Report will be published on or before 7 September 2020, and the AGM will be held on or before 30 September 2020.

Application has been made to the Stock Exchange for the approval for the delay in publication of the Audited Annual Results Announcement and the Annual Report, and holding of the AGM.

Further announcement(s) will be made by the Company as and when necessary in case of any other material development in the completion of the auditing process and the publication of the Audited Annual Results Announcement and the Annual Report, and holding of the AGM.

Shareholders and potential investors of the Company are advised to exercise caution when dealing in the securities of the Company.

By order of the Board

China Creative Global Holdings Limited

Chen Fanglin

Chairman

Hong Kong, 31 July 2020

As at the date of this announcement, the executive directors of the Company are Mr. Chen Fanglin, Mr. Shen Jianzhong, Mr. Chen Jiang, Mr. Xu Qiang, Mr. Zheng Hebin and Ms. Hui Sai Ha; and the independent non-executive directors of the Company are Mr. Dai Jianping and Mr. Huang Songqing

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