Chongqing Hongjiu Fruit Co., Limited announced that Pursuant to Rule 13.49(1) of the Listing Rules, the Company is required to publish an announcement for the annual results of the Group for the year ended December 31, 2023 (the "Annual Results") on a date not later than three months after the end of the financial year of the Company, i.e. on or before March 31, 2024. Pursuant to Rule 13.49(2) of the Listing Rules, the preliminary announcement in relation to the Annual Results shall be based on the Group 's consolidated financial statements for the financial year ended December 31, 2023 which shall have been agreed with the Company's auditors (the "Auditors"). The board of directors (the "Directors") of the Company informed the shareholders of the Company (the "Shareholder(s)") that there may be a possible delay in the publication of the Annual Results as additional time is required for the Company to provide all information requested by the Auditors for the audit of the Annual Results and address certain issues raised by the Auditors during the audit process, which include the complete accounting records and documents, and detailed working capital forecast in relation to the going concern requested by the Auditors in a notice to the audit committee of the Company (the "Audit Committee") recently in relation to arrangement on certain prepayments.

In addition, the Auditors recommended the Audit Committee to establish an independent investigation committee to investigate the commercial rational of the above arrangement on certain prepayments, and to consider engaging an independent third party to assist such investigation. Pursuant to Rule 13.46(2)(a) of the Listing Rules, the Company is required to publish its annual report for the year ended December 31, 2023 (the "2023 Annual Report") no later than four months after the end of the financial year (i.e., on or before April 30, 2024). Due to the possible delay in the publication of the Annual Results, it is expected that there may be a possible delay in the publication of the 2023 Annual Report.

The Company will publish further announcement(s) to inform the shareholders of the Company of the date of publication of the 2023 Annual Report as and when appropriate.