Ta Yang Group Holdings Limited announced Delay in Publication of 2023 Annual Results announcement. As set out in the Announcement, the publication of the announcement for the 2023 Annual Results was delayed due to the audit procedures have not been completed as certain information and documents from a newly acquired subsidiary, including the audit confirmations, valuation reports and other financial information, remains outstanding. Furthermore, in the process of collecting and collating the necessary information and documents from its subsidiary as requested by the Auditor, it is expected that the completion of the audit procedures will be further delayed due to (i) the large number of clients in the digital marketing business segment and extra time is needed to complete the audit confirmation process; and (ii) additional time is required to review and assess the supporting documents in relation to the digital marketing business segment by the Auditor.

The Company is still in the process of working closely with the Auditor to gather all requisite information and documents to complete the audit procedures as soon as practicable. Pursuant to Rule 13.46(2) of the Listing Rules, the Company is required to despatch the annual report for the year ended 31 December 2023 to the Shareholders no later than four months after the end of the financial year (i.e. on or before 30 April 2024). Due to the further delay in the publication of the 2023 Annual Results, it is expected that there will be a delay in the despatch of the 2023 Annual Report.

Based on the latest development and recent discussion with the Auditor, the Company expects that the announcement of the 2023 Annual Results and 2023 Annual Report will be published and despatched on or before the end of May 2024.