SMI Culture & Travel Group Holdings Limited announced unaudited annual results of the Company and its subsidiaries for the year ended 31 December 2019 and the delay in publication of the announcement of audited annual results of the Group for the year ended 31 December 2019. Due to the change of auditor on 24 June 2020, the Company requires additional time to gather sufficient information for the new auditor ("ZHONGHUI Anda") to perform and complete their audit procedures. In addition, ZHONGHUI Anda requires more time to perform their audit procedures, such as obtaining the confirmations from the banks and other parties and the valuation of the intangible assets of the Group, especially under the challenging circumstances brought about by the precautionary and control measures implemented in the PRC and Hong Kong after the recurrence of COVID-19 outbreak. The Board expected then that extra time would be required for ZHONGHUI Anda to complete the required audit work in connection with the Audit. The Company has been, since the appointment of ZHONGHUI Anda, using its best endeavors to assist and cooperate with ZHONGHUI Anda in its performance of the required audit work, so that the 2019 audited Annual Results and 2019 Annual Report can be finalised, approved and published and/or dispatched (as the case may be) as soon as practicable. Taking into account of the auditing progress and the time required for the preparation of the 2019 Annual Report, the Board expects that the Company will publish the 2019 audited Annual Results and the 2019 Annual Report by 31 August 2020 and 30 September 2020, respectively.