China Automobile New Retail (Holdings) Limited announced that the auditing process of the annual results of the Group for the year ended 31 March 2022 was expected to be completed on or before 18 July 2022. However, after discussion with Company's auditors, the progress of the audit work on the financial results of the Group for the year ended 31 March 2022 has to be further delayed. The main reason for such delay is, inter alia, the Company's auditors, as at the date of this announcement, still haven't received all bank confirmations from the banks in the People's Republic of China (the "PRC") for audit purposes.

Since the recent outbreak of coronavirus disease 2019 (COVID-19), the travel and other restrictions are still put in place around the area of Tianjin, PRC. Thus, the Company is unable to publish an annual results announcement for the year ended 31 March 2022 which shall be agreed with Company's auditors on or before 18 July 2022 (the "Audited Annual Results"). The Company expects to publish the Audited Annual Results upon completion of such reporting and audit processes as soon as practicable after it has been agreed with the Company's auditors.

Further announcement will be made by the Company as and when appropriate.