Dahe Media Co., Ltd. announced delay in earnings results for the year ended 31 December 2018. Due to (including but not limited to as of 31 December 2018, the Company has bank loans of approximately RMB 686 million due under the existing loan agreement; the Company is involved in litigation with suppliers; certain bank accounts of the Company have been frozen as a result of the litigation; more time is required to collect relevant information, etc., as the date of this announcement, the Company is providing necessary information in relation to working capital of the Company to its auditors for them to perform and complete the auditing process. As such, the Company is not able to publish the 2018 Annual Result Announcement on 28 March 2019. The date of the Board Meeting and publication of the 2018 Annual Result Announcement will be delayed.