The board of directors Mongolia Energy Corporation Limited inform the shareholders of the company and potential investors that a delay in the release of the audited annual results for the year ended 31 March 2022 is expected as the independent auditor of the company requires more time to complete the audit on the Annual Results. The audit process of the Annual Results has not yet been completed as at the date of this announcement and the outstanding audit works include, among others, all the major audit issues disclosed in the announcement of the company dated 23 June 2022. As a result, it is expected that the company may not be able to publish the Annual Results on or before 30 June 2022.

The independent auditor of the company will continue and complete the audit works as soon as possible. Any updates or developments in relation to the publication of the Annual Results, the Company will make further announcement as and when appropriate. In light of the delay in the publication of the Annual Results, the Board meeting originally scheduled on 29 June 2022 in respect of reviewing and approving, among other matters, the Annual Results will be postponed.

The company will publish further announcement(s) in due course to inform the Shareholders of (i) the revised date of the meeting of the Board to consider and approve the Annual Results; and (ii) the revised date of the release of the Annual Results. Pursuant to Rule 13.46(2)(a) of the Listing Rules, the company is required to despatch its annual report for the year ended 31 March 2022 to the Shareholders no later than four months after the end of the financial year (on or before 31 July 2022).