Ocean Star Technology Group Limited announced that the publication of the 2023 Annual Results and the despatch of the 2023 Annual Report will not be made on or before 30 June 2023 in compliance with Rules 18.03, 18.48A and 18.49 and 18.50C of the GEM Listing Rules due to the reason that the auditors of the Company are still in the process of reviewing the detailed working of the valuation together with the assumptions and estimations in ascertaining the carrying values of certain assets (including property, plant and equipment, right-of-use assets, intangible assets, investments in associates and goodwill) of the Group as at 31 March 2023. As such, additional time is requested by the Auditors for the purpose of completing their relevant audit procedures. The Directors have been using its best endeavors to assist the Auditors to complete the audit work and expected that the 2023 Annual Results will be published on or before 14 July 2023 and the 2023 Annual Report will be despatched on or before 20 July 2023.

Up to the date of this announcement, the Auditors have not indicated any major audit issues or audit qualification to the Company subject to the completion of their audit procedures. Apart from the delay in publication of the 2023 Annual Results and the despatch of the 2023 Annual Report, there is no other inside information which the Company is required to bring to the attention of the Shareholders and the potential investors of the Company.