Shaanxi Northwest New Technology Industry Company Limited announced that as at the date of this announcement, due to the travel restrictions on Hong Kong and Mainland China caused by the COVID-19, the Company and the auditor have not finally reached an agreement on such matters related to the auditor's audit procedures yet, and the auditor was unable to complete all audit work before 20 October 2020 as originally scheduled. Therefore, the Company failed to release the audited results announcement for the year ended 31 December 2019 and publish the 2019 annual report on 20 October 2020 as originally scheduled. Further announcement about the expected date of board meeting for approving the audited results for the year ended 31 December 2019 will be made by the Company as and when appropriate if there is any new progress in this work.