Ares Asia Limited announced that as of 30 June 2021, the Company has not yet finalized its annual results for fiscal year 2021 and agree the same with its auditors, mainly because the impairment assessment of certain trade prepayment of the Group in the aggregate amount of approximately USD 3.9 million has not yet been completed. The board of directors of the Company considers it inappropriate to publish unaudited annual results of fiscal year 2021 as they could be misleading given the uncertainties in the outcome of impairment assessment. The Company aims to finalize its annual results for fiscal year2021 by September 2021 and publish its annual report for fiscal year 2021 as soon as practicable thereafter.