The Board of Times Universal Group Holdings Limited announced that, due to the recent COVID-19 Omicron outbreak in Hong Kong and the People's Republic of China, the auditing processes of the financial results of the Group for the fiscal year 2021 have been adversely affected as the Company's auditors (the "Auditors") have not been able to complete all audit work as scheduled. Given that the auditing processes are expected not to be completed on or before the date of Board meeting originally scheduled to be held on 31 March 2022 and the Auditors require additional time for conducting their audit work, it is anticipated that the Company will not be able to publish the 2021 Audited Annual Results on or before 31 March 2022 in accordance with Rules 13.49(1) and 13.49(2) of the Listing Rules. The Company expects to publish the 2021 Audited Annual Results upon completion of such reporting and audit processes after they have been agreed with the Auditors as soon as practicable, on or before 30 April 2022.

Further announcement(s) will be made by the Company as and when appropriate.