Xingda International Holdings Limited announced that pursuant to Rule 13.49(1) of the Listing Rules, the company is required to publish an announcement in relation to its preliminary results in respect of the financial year ended 31 December 2020 (the "2020 Annual Results") not later than three months after the end of the financial year of the Company, i.e. on or before 31 March 2021. Under Rule 13.49(2) of the Listing Rules, the preliminary announcement in relation to the 2020 Annual Results shall be based on the Company's financial statements for the year ended 31 December 2020 which shall have been agreed with the auditor. The board of directors of the Company (the "Board") announced that the publication of the announcement in relation to the 2020 Annual Results will be delayed as additional time is required to complete the audit process in respect of the 2020 Annual Results which has been undergoing in parallel with certain financial related preparation work in relation to the Proposed Spin-off (as defined in the announcement of the Company dated 20 November 2020). In particular, additional time is required to obtain further information in connection with, among others, the cut-off adjustments relating to overseas sales. The Board acknowledges that any delay in publishing the announcement in relation to the 2020 Annual Results will constitute non-compliance with Rule 13.49(1) of the Listing Rules. The Company has been using, and will continue to use, its best endeavours to ensure that the announcement in relation to the 2020 Annual Results will be published as soon as practicable.