The board of Wisdom Wealth Resources Investment Holding Group Limited announced that there will be a delay in the release of its preliminary results in respect of the year ended 31 December 2023. The auditor of the Company has not completed the audit of the consolidated financial statements of the Company. As the constructure plan of the property development project in Zhanjiang held by the Group revised in February 2024, the valuation procedures and working time of the Property Development Project performed by independent professional valuers had been extended.

Besides, the revised construction plan had affected the cashflow forecast for the Property Development Project and further assessment may be required for the going concern of the Company. Additional time is required for the Company and the Auditor to finalise the audited accounts of the Group; and the Auditor to audit the valuation of the property development project. Pursuant to Rule 13.49(1) of the Listing Rules, the Company is required to publish the annual results for the year ended 31 December 2023 no later than three months after the end of the financial year (i.e. on or before 31 March 2024).

Under Rule 13.49(2) of the Listing Rules, the preliminary announcement in relation to the Annual Results shall be based on the Company's financial statements for the year ended 31 December 2023 which shall have been agreed with the Auditor. The delay in the publication of the Annual Results constitutes a non-compliance with Rule 13.49(1) of the Listing Rules.