Shimao Services Holdings Limited announced that the Company estimated that the audited annual results of the Group for the year ended 31 December 2021 ("2021 Audited Annual Results") will be published on or before 30 April 2022. Due to the prolonged COVID-19 outbreak in the PRC, in particular Shanghai, since March 2022, the audit process has been adversely affected, and the Company is unable to publish 2021 Audited Annual Results on or before 30 April 2022. On the assumption that there will be no further deterioration in the COVID-19 situation in the PRC and no further stringent measures imposed to combat the pandemic, the Company estimates that it will take about six to eight weeks for the incoming auditor to complete the audit process.

On this basis, the Company estimates that 2021 Audited Annual Results will be published by end of June 2022.