China Ocean Industry Group Limited as announced in the announcement dated 31 May 2021 of the Company whereby it was announced that the publication of 2020 Annual Results will be postponed around the end of June 2021 and therefore, the board meeting to approve the 2020 Annual Results will be postponed to a date to be determined by the Board. However, additional time is still required for the auditors of the Company to complete its audit procedures, including but not limited to the return of the audit confirmations from debtors, creditors and financial institutions; valuation reports on various accounting balances; audit evidence in relation to the net realizable values of the rescinded vessels, the Company is unable to publish the 2020 Annual Results on or before 30 June 2021.