Christine International Holdings Limited announced as disclosed in the Announcement, the publication of the Annual Results of the Company for the Year had been delayed due to, among others, (i) COVID infections having spread widely in the PRC before the Chinese New Year and lockdown in Shanghai (Group's principal place of business) in 2022, the finalization of the consolidated financial statements of the Company for the Year and auditing progress have been severely affected; (ii) additional time is required for the auditor, including but not limited to, send and receive audit confirmations to and from banks, suppliers, customers; obtain confirmation from legal advisors with regard to legal proceedings; and obtain sufficient and appropriate audit evidence for the classification, existence, completeness, valuation and/or rights and obligations of inventories, investment properties, property, plant and equipment, intangible assets, right-of-use assets, deposits, other receivables and payables, contract liabilities and lease liabilities, as well as to gather and provide the necessary documents and information to complete the auditing process. As at the date of this announcement, the audit work for the Year is still in progress as the auditor has not received all of the necessary documents and information and supporting audit evidences as set out above, the board (the "Board") of directors of the Company wishes to inform the shareholders of the Company that the Company is unable to publish the Annual Results by end of April 2023. Pursuant to Rule 13.49(1) of the Listing Rules, the Company is required to publish the Annual Results no later than three months after the end of the financial year (i.e., on or before 31 March 2023).

The Board acknowledges that any delay in publishing the announcement in relation to the Annual Results will constitute non-compliance with Rule 13.49(1) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"). The Company has been using its best endeavors to assist the auditor to complete the audit work. It is expected that the Annual Results will be published on or before 15 June 2023.

Pursuant to Rule 13.46(2)(a) of the Listing Rules, the Company is required to send the annual report for the Year (the "Annual Report") to its shareholders not later than four months after the date upon which the financial period ended, that is, on or before 30 April 2023. It is expected that the Annual Report will be published together with the Annual Results. As the expected date to publish the announcement of the Annual Results is currently on or before 15 June 2023, the delay in the despatch of the Annual Report by the Company will constitute a non-compliance with Rule 13.46(2)(a) of the Listing Rules.