China Wood Optimization (Holding) Limited announced delay in publication of 2020 Annual Results. As announced by the Company, due to the outbreak of the Epidemic, the progress of certain audit field works in the PRC for the 2020 Annual Results have been disrupted by the work suspension and travel restrictions in force in Hebei of the PRC to combat the outbreak of the Epidemic during the period from January 2021 to early March 2021. Furthermore, since April 2021, the Group has been involved in the Investigation by the Authority against one of the Former Supplier and Former Shareholder whereby the Group has been requested by the Authority to assist in the Investigation. Please refer to the announcements of the Company dated 3 June 2021 and 15 June 2021 for further details on the Investigation. Up to the date of this announcement, the Investigation is still on going. While the Investigation has not resulted in, and is not expected to have, any material adverse impact on the daily business operations and financial positions of the Group, additional time is required by the Auditors to complete its audit procedures in respect of the 2020 Annual Results, which have been affected by the progress of the Investigation. The Board will continue to assess the impact of the Investigation on the operations and financial positions of the Group and/or the publication of the 2020 Annual Results, and will make further announcement as and when appropriate.