Tian Shan Development (Holding) Limited announced that the publication of the announcement relating to the preliminary results of the Group for the year ended December 31, 2021 as agreed by the Company's auditor will be delayed since the Company has not yet completed the preparation of the Group's financial statements for the year ended 31 December 2021 due to the recently tightened prevention and control measures of the COVID-19 in the mainland China and Hong Kong as well as the changes in the Company's accounting and operation personnel. The supply of requested follow-up information, as well as the sending and receiving of necessary audit confirmations on various bank and other account balances, had fallen behind schedule. In addition, with the stringent credit control policies imposed on the real estate development industry in the mainland China, the Company needs more time to obtain information mainly on its debts (including extensions and settlement arrangements with its creditors) and make accounting valuations and classifications of the inventories, investment properties and the maturity of bank and other borrowings.