The board of directors of Polyard Petroleum International Group Limited announced that there is a delay in the release of the audited annual results for the year ended 31 December 2021 and despatch of annual report for the year ended 31 December 2021. As the result of (i) the Omicron variant of the COVID-19 pandemic in Hong Kong where the Group is headquartered; (ii) the implementation of the tightened COVID-19 prevention and control quarantine measures in the mainland China in the past few weeks and (iii) the prevention and control measures of the COVID-19 in the Philippines, the audit procedures for the 2021 Audited Annual Results are adversely affected and expected not being able to be completed on or before the date of Board meeting originally scheduled to be held on 31 March 2022, which causes the Company not being able to comply with the Rules 18.03, 18.48A and 18.49 of the GEM Listing Rules for the publication of Company's 2021 Audited Annual Results and 2021 Annual Report on or before 31 March 2022.