Yuanda China Holdings Limited announced that KPMG was appointed as auditor of the Company on 30 June 2022 to fill in the casual vacancy left by the resignation of the previous auditor. It is expected that KPMG, as the incoming auditor, will take approximately 13 weeks to fully complete the audit process In addition, the pandemic control measures imposed on certain regions/districts might also affect the audit process, thus it is expected that the publication of the audited 2021 Annual Results will be further delayed. Based on the recent communications with KPMG, the Company expects that the Company will publish the 2021 Annual Results and dispatch the 2021 annual report to the Shareholders on or before 30 September 2022 and hold its annual general meeting on or before 31 October 2022.

As the Company is unable to meet the anticipated timetable previously disclosed, the Company has applied to the Stock Exchange for a waiver from strict compliance with Rules 13.46(2)(a) and 13.46(2)(b) of the Listing Rules on the basis of the revised timetable noted above.