A Metaverse Company announced that Pursuant to Rule 13.49(1) of the Listing Rules, the Company is required to publish the 2021 Audited Annual Results not later than three months after the end of the financial year, i.e. on or before 31 March 2022. Under Rule 13.49(2) of the Listing Rules, the preliminary announcement in relation to the 2021 Audited Annual Results shall be based on the Company's financial statements for the year ended 31 December 2021 which shall have been agreed with the auditor. The board of directors of the Company (the "Board") wishes to inform the shareholders and the potential investors of the Company that, on 30 March 2022, it received a request to the Company from a minority equity holder (the "Minority Equity Holder") holding 49% equity interest of a 51% owned subsidiary of the Company, that the Company shall fulfill its contractual obligation to repurchase the remaining 49% equity interest in the said subsidiary from the Minority Equity Holder (the "Incident").

In light of the Incident, the Company considers that the Incident may have impact on the 2021 Audited Annual Results, and would require additional time to gather further information in relation to the Incident and assess the impact thereof on the financial results of the Group for the year ended 31 December 2021 and the business operations of the Group. In this regard, the publication of the 2021 Audited Annual Results will be delayed until information gathering has been completed and the financial impact of the Incident to the Group has been determined.