China Metal Resources Utilization Limited announces that the Company foresees that it will not be able to publish the 2022 Annual Results on 31 March 2023 due to the reason that the Company and the auditors are still in the process of ascertaining the carrying values of trade and bills receivables and advance payment to suppliers of approximately RMB 2,067.2 million and RMB 931.4 million, respectively. As such, further information is requested by the auditors for the purpose of completing their relevant audit procedures. The delay in publication of the 2022 Annual Results constitutes non-compliance of Rules 13.49(1) of the Listing Rules.