Greenway Mining Group Limited announced that the upgrading and renewal of mining rights is expected to be delayed. The emergency situation in Myanmar and COVID-19 pandemic continue to get worse and the travel and telecommunications in Myanmar has beenl argely interfered or disconnected and it is expected that such adverse situation will continue for a period of time. Therefore, barring any extraordinary circumstance which are beyond the contemplation of the Company, it is expected that the approval procedures for the renewal and/or upgrading of the mining licenses of the Group's mines in Myanmar and China will continue to be postponed or delayed and the daily operations of local government, banks and other working units with the Group will be affected. The Board will continue to use its best endeavours to facilitate the approval of renewal and/or upgrading of the mining licenses of mining assets by relevant authorities in Myanmar and China as well as to ensure that its production and operations will not be materially affected by the current adverse conditions.