Coslight Technology International : FURTHER ANNOUNCEMENT (I) DELAY IN PUBLICATION AND DESPATCH OF 2019 ANNUAL REPORT AND (II) DELAY IN ANNUAL GENERAL MEETING

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COSLIGHT TECHNOLOGY INTERNATIONAL GROUP LIMITED

光 宇 國 際 集 團 科 技 有 限 公 司 *

(Incorporated in Bermuda with limited liability)

(Stock Code: 1043)

FURTHER ANNOUNCEMENT

1. DELAY IN PUBLICATION AND DESPATCH OF 2019 ANNUAL REPORT AND
2. 1. DELAY IN ANNUAL GENERAL MEETING

Reference is made to the announcements of Coslight Technology International Group Limited (the "Company") dated 31 March 2020, 7 May 2020, 15 May 2020 and 29 June 2020 (collectively the "Announcements") in relation to, inter alia, the publication of annual results of the Group for the year ended 31 December 2019 (the " Annual Results"). Unless otherwise stated, capitalized terms used herein have the same meanings as in the Announcements.

As disclosed in the Announcements, as various kinds of lockdown arrangements, such as travel restriction and 14-day quarantine policies had been imposed by the PRC and Hong Kong Governments, Company's auditors (the "auditors") based in Hong Kong could not travel to Harbin so Company's auditors engaged Shinewing Changchun auditors ("PRC auditors") to reach Harbin.

• For identification purpose only

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Due to the outbreak of COVID-19 and PRC strictly implemented province-to-province immigration restriction policies before June 2020, PRC auditors only reached Harbin at the beginning of July 2020. PRC auditors are only responsible for document reviews which are significantly different from what the routine audit field work performed as before and the auditors' requirements for the supporting documents and evidences are not compromised for the issue of COVID-19 and the immigration restriction policies. Therefore, the working efficiency of the auditors is significantly lower than before. The auditors request for more updated information up to May 2020 as the time passes. As a result, more information and supporting documents are required to be audited and additional time is expected.

The auditing process for the annual results for the year ended 31 December 2019 ("2019 Annual Result") has not yet been completed till now. The auditors are still performing Harbin audit field work for the information, including but not limited to subsequent settlements and management accounts etc up to 31 May 2020 and it is expected to be completed in August 2020.

The detailed audit plans of the Group cover as below:

1. Completion of Harbin audit field work expected by 14 August 2020;
2. Completion of the outstanding audit procedures expected by 25 August 2020;
3. Annual result announcement date by 26 August 2020;
4. Publication date of annual report by 07 September 2020; and
5. Expected dispatch date of the annual report will be 07 September 2020.

Subject to no unforeseen circumstances and assuming that the audit work will be completed on time, the announcement relating to the Group's annual results for the year ended 31 December 2019 as agreed with the Company's auditor will be announced on 26 August 2020 and the Company's annual report for the year ended 31 December 2019 will be published on 07 September 2020.

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The Annual General Meeting Date will be further determined and announced.

By Order of the Board

Coslight Technology International Group Limited

SONG Dian Quan

Chairman

Hong Kong, 29 July 2020

As at the date of this announcement, the Executive Directors of the Company are Mr. SONG Dian Quan, Ms. LUO Ming Hua, Mr. LI Ke Xue, Mr. XING Kai, Mr. ZHANG Li Ming, Mr. LIU Xing Quan; and the Independent Non-executive Directors are Mr. LI Zeng Lin, Dr. GAO Yun Zhi, Ms. ZHU Yan Ling.

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