Ares Asia Limited announced that as disclosed in the announcements of the Company dated 28 September 2021 and 30 September 2021, since the resignation of the Company's auditors on 11 August 2021, the Company has been and still is in the process of identifying a suitable replacement to fill the vacancy. The auditors of the Company have yet to be appointed pending the completion of the Independent Review. As additional time is required for the Company to appoint a new auditor and, once appointed, the new auditor needs to complete its audit procedures in relation to the Group's consolidated financial statements for fiscal year 2021, the publication of the 2020/2021 Annual Results and the despatch of the annual report for fiscal year 2021 will be further delayed.

As the publication of the 2020/2021 Annual Results and the despatch of the 2020/2021 Annual Report are still pending, it is expected that the publication of the 2021 Interim Results and the despatch of the 2021 Interim Report will be delayed beyond 31 December 2021.