The board of Global Brands Group Holding Limited announced that additional time is required by the auditors to complete all of its audit procedures, primarily because, in addition to the reasons as disclosed in the June 30, 2021 announcement, the company's management is in the process of finalising the impairment assessments of all assets in different operating segments, and the auditors are in the process of auditing these assets impairment assessments. Accordingly, the company is unable to publish the 2021 annual results on or before August 3, 2021 or despatch the 2021 annual report on or before August 31, 2021 as expected in the August 17, 2021 announcement. The potential sales of the group's North America assets are expected to conclude on September 17, 2021, after which company's management will have a more accurate assessment of the net realisable value of the group's North America business. Based on this, and the current progress of the audit process, it is currently expected that the 2021 annual results will be published on or before October 4, 2021 and the 2021 annual report will be dispatched to the company's shareholders on or before October 8, 2021.