Hosa International : ANNOUNCEMENT - FURTHER DELAY IN PUBLICATION AND DESPATCH OF 2018 INTERIM REPORT AND FURTHER DELAY IN PUBLICATION AND DESPATCH OF 2018 ANNUAL REPORT AND FURTHER DELAY IN PUBLICATION AND DESPATCH OF 2019 INTERIM REPORT AND DELAY IN PUBLICATION AND DESPATCH OF 2019 ANNUAL REPORT

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HOSA INTERNATIONAL LIMITED

浩 沙 國 際 有 限 公 司

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 02200)

ANNOUNCEMENT

FURTHER DELAY IN PUBLICATION AND DESPATCH OF

2018 INTERIM REPORT

AND

FURTHER DELAY IN PUBLICATION AND DESPATCH OF

2018 ANNUAL REPORT

AND

FURTHER DELAY IN PUBLICATION AND DESPATCH OF

2019 INTERIM REPORT

AND

DELAY IN PUBLICATION AND DESPATCH OF

2019 ANNUAL REPORT

This announcement is made by Hosa International Limited (the "Company", together with its subsidiaries, the "Group") pursuant to Rule 13.24A of the Rules (the "Listing Rules") Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange").

Reference is made to (i) the announcement dated 3 September 2018 regarding the delay in publication of interim result of the Company for the six months ended 30 June 2018,

1. the announcement dated 18 December 2018 regarding the first quarterly business update of the Company, and (iii) the announcement dated 12 March 2019 in relation to the delay in publication of interim result of the Company for the six months ended 30 June 2019.

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UPDATE ON PROGRESS OF THE OUTSTANDING FINANCIAL RESULTS OF THE COMPANY

1. As disclosed in the announcement dated 18 December 2018, the Company's auditor has resigned and since its resignation, no auditor firm has been appointed as the Company's auditor despite of the Company's effort to engage a new auditor.
2. Pending the appointment of a new auditor to replace KPMG, the Board wishes to inform that the interim results for the six months period ended 30 June 2018 and 2019 (the "Interim Results") and the annual results for the year ended 31 December 2018 and year ended 31 December 2019 (the "2018 and 2019 Annual Results") and their respective interim and annual results will be further delayed as extra time will be required for the new auditor to review and finalise the 2018 and 2019 Annual Results.
3. Such delays constitute breach of Rules 13.49(1), 13.46(2), 13.49(6) and 13.48(1) of the Listing Rules, which require the Company (i) to publish its Annual Results on a date not later than three months after the end of the financial year, to send the annual report to the Shareholders not less than 21 days before the date of the annual general meeting of the Company and in any event not more than four months after the end of the financial year to which they relate, and (ii) to publish the interim results announcement not later than two months after the end of the relevant financial period, and to send the interim report to the Shareholders not later than three months after the end of the relevant financial period.
4. Further announcement(s) will be made to inform the Shareholders the date of release of the abovementioned 2018 and 2019 Annual Results and Interim Results and the despatch of corresponding annual reports and interim reports, when appropriate.

By order of the Board

Hosa International Limited

Shi Hongliu

Chairman

Hong Kong, 13 March 2020

As at the date of this announcement, the executive directors are Mr. Shi Hongliu, Mr. Shi Hongyan and Mr. Shi Zhixiong.

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