China Renaissance Holdings Limited announced that pursuant to Rule 13.49(1) of the Listing Rules, the Company is required to publish an announcement of its annual results for the year ended 31 December 2023 (the 2023 Annual Results) on a date not later than three months after the end of the financial year of the Company, namely, on or before 31 March 2024. Under Rule 13.49(2) of the Listing Rules, the preliminary announcement in relation to the 2023 Annual Results shall be based on the Group's consolidated financial statements for the financial year ended 31 December 2023 which shall have been agreed with the Company's auditor. As additional time is required for the Company's new auditor, Zhonghui Anda, to complete the audit of the 2022 Annual Results and also the 2023 Annual Results, the Company expects that it will not be able to publish the 2023 Annual Results in accordance with Rules 13.49(1) and (2) of the Listing Rules.

Rule 13.49(3) of the Listing Rules provides that where an issuer is unable to issue its preliminary results in accordance with Rules 13.49(1) and (2) of the Listing Rules, it must announce its results based on the financial results that have yet to be agreed with the auditor (so far as the information is available). The Board, after due and careful consideration, is of the view that it would not be appropriate for the Company to publish the unaudited management accounts of the Group for the financial year ended 31 December 2023 when the audit process is continuing and is expected to be finalized in due course. Accordingly, the date of publication of the audited 2022 Annual Results, the despatch of the 2022 Annual Report and 2023 Interim Report will be further postponed to a date shortly following the completion of the audit of the 2022 Annual Results and 2023 Annual Results, which will be announced by the Company in due course.

Pursuant to Rule 13.46(2) of the Listing Rules, the Company is required to despatch its annual report for the year ended 31 December 2023 (the 2023 Annual Report) to the Shareholders no later than four months after the end of the financial year (that is on or before 30 April 2024). Due to the delay in the publication of the 2023 Annual Results, it is expected that there may be a possible delay in the despatch of the 2023 Annual Report.