Global Brands Group Holding Limited announced that publication of the 2021 Annual Results and the 2021 Annual Report will be delayed. The company is in the process of responding to requests raised by the Auditors to the Board and the Audit Committee of the company relating to the use of a going concern basis in the preparation of the Group's financial statements, in particular in connection with the Group's evaluation of various options in respect of its financial position, including the possible sale, disposal and restructuring of certain assets and/or businesses of the Group. The Auditors need to obtain and assess this further information in order to complete their audit work. The company will make further announcement(s) to provide updates on the above matters, including if there are other material developments in the completion of the audit process and the expected date of release of the 2021 Annual Results and 2021 Annual Report, as and when appropriate in accordance with the Listing Rules and the SFO.