Shaanxi Northwest New Technology Industry Company Limited announced that due to the outbreak of novel coronavirus disease and the prevention and control measures imposed in the PRC and Hong Kong, the audit procedures for the Company's 2019 consolidated financial statements has been disrupted, which impeded the Company from completing the Annual Audit and despatching the annual report to the shareholders on or around 15 May. 2020. The Board announced that, as the travel restrictions between the PRC and Hong Kong were not lifted so far due to the impact of the novel coronavirus disease, auditor was not able to arrive at the Company as scheduled to conduct on-site audit. Given to this, the Company requires additional time to complete the Annual Audit. After recent communication with the auditor, the Company currently expects that (in the absence of unforeseen circumstances), the Annual Audit will be delayed. It is expected that the audited 2019 annual results announcement will be published on or before 29 May 2020, and the annual report will be subsequently despatched.