Greater Bay Area Dynamic Growth : POSSIBLE DELAY IN PUBLICATION OF ANNUAL RESULTS

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GREATER BAY AREA DYNAMIC GROWTH HOLDING LIMITED ⣏䀋⋨倂嬲≃慷㍏偉㚱旸℔⎠

(Incorporated in Bermuda with limited liability)

(Stock Code: 1189)

POSSIBLE DELAY IN PUBLICATION OF ANNUAL RESULTS

This announcement is issued by GREATER BAY AREA DYNAMIC GROWTH HOLDING LIMITED (the "Company") and its subsidiaries (collectively referred to as the "Group") pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange"), and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Under Rule 13.49(1) of the Listing Rules, the Company is required to publish the announcement in relation to its preliminary annual results for the year ended 31 December 2020 (the "2020 Annual Results") on a date not later than three months after the end of the financial year of the Company, i.e. on or before 31 March 2021.

There may be a delay in the release of the 2020 Annual Results because additional time is required for the Group's auditor to complete its audit procedure upon its appointment on 2 March 2021. As at the date of this announcement, the board of directors of the Company (the "Board") has confirmed that there is no other matter or any insider information in relation to the possible delay in publication of the 2020 Annual Results that need to be brought to the attention of the shareholders of the Company.

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The Company has requested the auditor to put additional resources to accelerate the audit procedures.

The Company expects that the Board meeting and the release of the 2020 Annual Results and its annual report for the year ended 31 December 2020 will be completed on or before 30 April 2021.

The Company will publish further announcement(s) to inform shareholders, other stakeholders and potential investors of any material developments in connection with the 2020 Annual Results as and when appropriate. If the 2020 Annual Results are not available by 31 March 2021, the Company will request for a suspension of trading of its shares on the Stock Exchange and the suspension of trading will be commenced on 1 April 2021.

The Board acknowledges that any delay in publishing the 2020 Annual Results will constitute a non-compliance with Rule 13.49(1) of the Listing Rules.

By order of the Board GREATER BAY AREA DYNAMIC GROWTH HOLDING LIMITED

Lai Tsz Wah Managing Director

Hong Kong, 22 March 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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