The board (the "Board") of directors (the "Directors") of China Properties Investment Holdings Limited inform the shareholders of the Company (the "Shareholders") and potential investors of the Company that there may be a delay in the release of the audited annual results for the year ended 31 March 2023 (the "2023 Annual Results") as additional time is needed to send and receive audit confirmations to and from banks, suppliers and other parties, as well as to gather and provide the necessary documents and information required by the auditor of the Company (the "Auditor") to complete the auditing process. Pursuant to Rule 13.49(1) of the Listing Rules, the Company is required to publish the 2023 Annual Results no later than three months after the end of the financial year (i.e., on or before 30 June 2023). The Board acknowledges that any delay in publishing the announcement in relation to the 2023 Annual Results, if materialised, will constitute non-compliance with Rule 13.49(1) of the Listing Rules.

The Company is working closely with the Auditor and doing its utmost to provide all the requisite information and documents for the Auditor to complete the audit procedures as soon as practicable. However, the date of the publication of the 2023 Annual Results is expected to be by the end of July 2023.