The board of directors of Huarong International Financial Holdings Limited announced that the Company is unable to publish the audited annual results of the Group for the year ended 31 December 2020 (the "Annual Results") on 31 March 2021 due to the reason that the Company is still in the process of discussing with its auditors on the valuation of certain assets, and further information is requested by the auditors for the purpose of completing their relevant audit procedures. The Company is working closely with its auditors to provide all the requisite information and documents to complete the audit procedures as soon as possible. However, the expected date of the publication of the Annual Results will need to be further determined with the auditors and will be announced as and when appropriate.