China Wood Optimization (Holding) Limited announced as previously announced by the company, due to the outbreak of the Epidemic, the progress of certain audit field works in the PRC for the 2020 annual results have been disrupted by the work suspension and travel restrictions in force in Hebei of the PRC to combat the outbreak of the Epidemic during the period from January 2021 to early March 2021. Furthermore, since April 2021, the group has been involved in the Investigation by the Authority against one of the Former Supplier and Former Shareholder whereby the Group has been requested by the Authority to assist in the Investigation. The PRC legal counsel of the group had been communicating with the Authority in regards to the progress of the Investigation by the Authority. However, no reply as to the progress of the Investigation was provided by the Authority. Up to the date of this announcement, the Investigation is still on going. The board will continue to assess the impact of the Investigation on the operations and financial positions of the Group and/or the publication of the 2020 annual results, and will make further announcement as and when appropriate. As such, there will be a further delay in the publication of the 2020 annual results, and the completion of the 2020 annual results will be subject to the progress of the Investigation which is uncertain and not controllable by the company, the company expects to publish the 2020 annual results by March 31, 2022. The despatch of the 2020 annual report to the shareholders will be delayed to a date after the 2020 annual results has been published. As previously announced by the company, due to the delay in the publication of the 2020 annual results, the company was unable to publish its 2021 interim results and despatch its 2021 interim report within the prescribed timeline as specified under the Listing Rules. The company will publish further announcement to inform the shareholders and potential investors of the date of publication of the 2021 interim results; and the date of despatch of the 2021 interim report as soon as possible after the publication of the 2020 annual results.