Larry Jewelry International Company Limited has been in constant discussions with its auditor on the progress and status of the audit work on the financial results of the Group for the year ended 31 December 2019. The Company has been informed that the financial reporting closing process of subsidiaries in the People's Republic of China (the "PRC") and the provision for relevant documents and explanations for audit purposes, has been adversely affected by the restrictions imposed on both travel and resumption of work of PRC subsidiaries due to the outbreak of the novel coronavirus (COVID-19) in the PRC, which significantly affect the progress of the audit. As such, while the Company has been preparing financial results of the Group for the year ended 31 December 2019, it is expected that there will be a delay in the publication of its audited financial results of the Group for the year ended 31 December 2019, as required under the Rules Governing the Listing of Securities on GEM of The Stock Exchange of Hong Kong Limited (the "GEM Listing Rules"). However, in order to keep the shareholders and potential investors of the Company informed of the financial position of the Group, the Company is planning to publish the preliminary unaudited financial results of the Group for the year ended 31 December 2019 together with the audited comparative figures for the corresponding period in 2018 on 31 March 2020.