The board of directors of Sino-i Technology Limited announced that at a meeting of the Board scheduled to be held on 31 March 2022 will now be considering and approving the publication of unaudited annual results based on the consolidated management accounts of the Company for the year ended 31 December 2021. As set out in the Company's announcement dated 16 March 2022, it was originally planned that the Board would consider and approve the final audited results of the Group for the year ended 31 December 2021 agreed with the Company's auditors. However, additional time is required in obtaining information requested by the Company's auditors regarding the appraised value of the security provided by the Company's immediate holding company Nan Hai Corporation Limited and its subsidiaries to the Group for the loans owing by the Nan Hai Group to the Group. The Company will publish the Audited Annual Results upon completion of the audit process
as soon as practicable after the outstanding information mentioned has been obtained.