Trio Industrial Electronics Group Limited announced that it is expected that there will be a delay in publication of the 2023 Audited Annual Results, since, as of the date of this announcement, the Auditor is in the course of reviewing and evaluating the information as provided by the Company to address (i) the issue in relation to a pension fund of a director, (ii) an enquiry to the audit committee of the Company ("Audit Committee") in relation to business expansion in Kazakhstan, and (iii) a shareholders loan owed to Trio Industrial Electronics Holding Limited, the shareholder of the Company. The Company and the Audit Committee have been having ongoing communication with the Auditor and provided information to address the issues raised. The Company is currently also seeking legal advice for the above matters.

Additional time is therefore required for the Company and the Auditor to finalize the audited accounts of the Group. As a result, it is expected that the Company will not be able to publish the 2023 Audited Annual Results on or before 31 March 2024. The Company is working closely with the Auditor to provide all the requisite information and documents to complete the audit procedures as soon as possible.

However, the expected date of the publication of the 2023 Audited Annual Results will need to be further determined with the Auditor and will be announced as and when appropriate. The Company shall publish the announcement in relation to 2023 Audited Annual Results as agreed by the Auditors as soon as possible after the concerns of the Auditors are being addressed.