China Putian Food Holding Limited announced that as stated in the Delay Publication 2021 Annual Results Announcement, the reasons for delay in publication of the 2021 Annual Results are that (i) the Company is in the process of negotiating with Vandi Investments Limited, a wholly-owned subsidiary of CCB International (Holdings) Limited on the extension of maturity date of the 5% secured Convertible Bond in the aggregate principal amount of HKD 150 million and the 6% secured non-convertible Note in the aggregate principle amount of HKD 110 million, which may constitute inside information and the result of which may affect the 2021 Annual Results, and addressing certain outstanding requests raised by the Auditors to the Board and the audit committee of the Company; and (ii) the latest wave of the COVID-19 outbreak in March resulted in the delay of audit procedures. The Board hereby provides an update to the Shareholders and potential investors of the Company that, having considered the latest development and progress of the negotiating process with Vandi Investments Limited and the audit process, additional time is required for the completion of the said negotiation with Vandi Investments Limited and the audit process for the 2021 Annual Results. Hence, it is expected that, subject to any unforeseeable circumstances and assuming that the audit procedure will be completed on or before 27 May 2022, the 2021 Annual Results will be published on or before 27 May 2022.

Due to the delay in the publication of the 2021 Annual Results, it is expected that, subject to any unforeseeable circumstances, the annual report of the Group for the year ended 31 December 2021 will be dispatched on or before 10 June 2022.