China Come Ride New Energy Group Limited announced based on the latest development and recent discussions with the Auditor, the Board announced that the publication of the 2022/2023 Annual Results and the despatch of the 2022/2023 Annual Report will be further delayed as additional time is required by the Auditor to complete its audit work towards the 2022/2023 Audited Results. The management of the Company is making their best endeavors to coordinate with the Auditor to complete the auditing process. Based on the information currently available to the Company, the Board estimates that the 2022/2023 Annual Results will be published on or around 31 August 2023, which is subject to completion of the audit procedures.

The delay in publication of the 2022/2023 Annual Results and the despatch of the 2022/2023 Annual Report will constitute non-compliance with Rules 18.49 and 18.48A of the GEM Listing Rules. The Company will work closely with McMillian Woods to complete the audit procedures as soon as possible. Pursuant to Rule 18.66 of the GEM Listing Rules, the Company must publish its quarterly results (the First Quarterly Results) and despatch its quarterly report (the First Quarterly Report), in respect of the first three months ended 30 June 2023, not later than 45 days after the end of the first quarter of each financial year, that is 14 August 2023.

As the publication of the 2022/2023 Annual Results is still pending, the Company is unable to make the First Quarterly Results and despatch its First Quarterly Report to the Shareholders within the prescribed time in accordance with the GEM Listing Rules. The delay in the publication of the First Quarterly Results and the First Quarterly Report will constitute non-compliance with Rules 18.66 and 18.79 of the GEM Listing Rules. The Company is now expecting the First Quarterly Results and First Quarterly Report to be published on or around 31 August 2023.

Further announcement will be made by the Company to keep shareholders of the Company informed of the latest development of the date of the meeting of the Board to consider and approve the 2022/2023 Annual Results and First Quarterly Results; and the publication of the 2022/2023 Annual Results, the 2022/2023 Annual Report, the First Quarterly Results and the First Quarterly Report as and when appropriate.