Kaisun Holdings Limited announced that as disclosed in the Announcement dated 26 June 2020 (Announcement), due to the global outbreak of coronavirus, immobility of the Company's cross border audit has been put on hold due to cities lockdown and quarantine measures, especially in the Mainland China, auditors were not able to carry out the physical audit process for the results of the Group for the year ended 31 December 2019. The board of directors of the Company updated the shareholders and potential investors of the Company on the latest development. Based on the recent discussion with the Company's auditor, the field work will start in early September, which was later than the expected date set out in the Announcement, preliminary attributable to the preventive measure and restrictions remaining in place, including the compulsory quarantine measures for inbound travelers of Mainland China and Hong Kong disrupting and delaying the timelines of the audit procedures. The Board currently expects that, barring unforeseen circumstances, (i) the field work in Shandong and Xinjiang will likely be completed on or before 11 September 2020; (ii) the physical audit procedures will likely be completed on or before 11 November 2020 and the audited annual results announcement and the annual report for the year ended 31 December 2019 will be published on or before 11 November 2020.