The Directors of Hao Bai International (Cayman) Limited updated shareholders of the Company that publication of the announcement in relation to the 2021/22 Audited Annual Results has been further delayed as the auditors of the Company have not received all the necessary documents (e.g. bank, receivable and payable confirmations) for their audit purposes while additional time is required by the auditors to review and complete their audit work for the 2021/22 Audited Annual Results. Pursuant to Rule 18.66 and 18.79 of the GEM Listing Rules, the Company must publish its quarterly results and despatch its quarterly report, in respect of the first three month ended 30 June 2022, not later than 45 days after the end of the first quarter of each financial year. As the publication of the 2021/22 Audited Annual Results is still pending, the Company is unable to publish the First Quarterly Results and despatch its First Quarterly Report to the Shareholders within the prescribed time in accordance with the GEM Listing Rules.