The Board of China Energine International (Holdings) Limited announced that the publication of the 2020 annual results will be delayed as additional time is required by the company's auditor to perform and complete the audit work in respect of the 2020 annual results. The delay is due to (i) In January 2021, the company appointed RSM Hong Kong ("RSM") as the company's auditor for the year ended 31 December 2020. As such, there was a delay in commencing the audit work; (ii) the lockdown restrictions in February 2021 have caused the audit fieldwork unable to commence as scheduled for the Group's operating entities located in Daxing District in Beijing, Liaoning and Jilin; and (iii) the audit process has been complicated by the deconsolidation of Beijing Energine Industry Co. Ltd. Therefore, RSM requires more time to follow and complete the audit procedures regarding the Group's annual results for the year ended 31 December 2020, and the publication of the 2020 annual results will be delayed.