China Ocean Industry Group Limited announced that the company is required to publish an announcement in relation to its preliminary results in respect of the financial year ended 31 December 2020 (the "2020 Annual Results") not later than three months after the end of the financial year of the company, that is on or before 31 March 2021. The preliminary announcement in relation to the 2020 Annual Results shall be based on the company's financial statements for the year ended 31 December 2020 which shall have been agreed with the auditor. The board of directors of the company announced that the publication of the announcement in relation to the 2020 Annual Results will be delayed as additional time is required in order to obtain further information required by the Company and the auditors of the company in connection with, among others, the indebtedness of the Group and the valuation of certain assets (including but not limited to property, plant and equipment and right-of-use assets) and expected credit loss for financial assets of the Group. The Board acknowledges that any delay in publishing the announcement in relation to the 2020 Annual Results will constitute non-compliance with Rule 13.49(1) of the Listing Rules.