The Board of China Gem Holdings Limited announced that additional time is required by the Group's auditors to perform and complete its audit work. Accordingly, the Company is unable to publish the 2020 Annual Results on 30 April 2021. The Company has been using its best endeavors to assist the Auditors to complete the audit work. It is expected that the audited 2020 Annual Results will be published on 7 May 2021. The Board acknowledges that the delay in publication of the audited 2020 Annual Results constitutes non-compliance of Rule 13.49 of the Listing Rules. Pursuant to Rule 13.46(1)(a) of the Listing Rules, the Company is required to despatch the annual report of the Company for the year ended 31 December 2020 o the Shareholders on or before 30 April 2021. Due to the further delay in publication of the audited 2020 Annual Results, there will be a delay in despatch of the 2020 Annual Report. It is expected that the 2020 Annual Report will be dispatched to the Shareholders on or before 31 May 2021.