AVIC Joy Holdings (HK) Limited informed that the shareholders of the Company that, the audit process for the annual results of the Group for the year ended 31 December 2021 has not been completed due to the spreading of COVID-19 as well as precautionary measures and pandemic prevention policy adopted by Hong Kong and different cities in Mainland China, which have caused serious disruption in preparing, finalizing and auditing of accounts of the Company and its subsidiaries which are located in Hong Kong and Mainland China respectively. The continuous spreading of COVID-19 pandemic and appearance of variant viruses have disrupted the reporting and audit processes of the Group's consolidated financial statements. The Company is unable to publish an annual results announcement which shall have been agreed with the Company's auditors (the "Audited Annual Results") by 31 March 2022 in accordance with Rule 13.49(1) and 13.49(2) of the Listing Rules.