AVIC Joy Holdings (HK) Limited announced that as stated in the Delay in Publication of 2022 Annual Results Announcements and the Quarterly Update Announcements, the publication of the 2022 Annual Results and the despatch of the 2022 Annual Report have been delayed as the Group has been dealing with the said litigation issues of Jia Lian and AVIC Fujian, and the financial statements of (i) Jia Lian with the other party of the aforesaid joint venture; and (ii) AVIC Fujian have yet been finalised. As at the date of this announcement, due to the reasons as disclosed above, the audit of the 2022 Annual Results has not been completed. The Company is using its best endeavours to assist the Auditors to complete and finalise the audit of the 2022 Annual Results.

However, the expected date of release of the 2022 Annual Results and the 2022 Annual Report will need to be further determined. The Board is of the view that it would be inappropriate for the Company to publish the unaudited management accounts of the Group for the year ended 31 December 2022 at this stage as it may not reflect the financial performance and position of the Group accurately. As a result of the above delay, there will be a further delay in the despatch of the 2022 Annual Report.

Pursuant to Rules 13.49(6) and Rule 13.48(1) of the Listing Rules, the Company is required to publish its interim results (the "2023 Interim Results") and despatch its interim report for the six months ended 30 June 2023 on or before 31 August 2023 and 30 September 2023. respectively. As the 2023 Interim Results shall contain specific audited financial information derived from the 2022 Annual Results, the further delay in the publication of the 2022 Annual Results and despatch of the 2022 Annual Report will inevitably result in delay of the publication and despatch of the 2023 Interim Results and the 2023 Interim Report, respectively.