Seamless Green China (Holdings) Limited announced that with implementation of the tightened COVID-19 prevention and control quarantine measures and local lockdown arrangements in Hong Kong and China respectively during February 2022 and up to present, leading to the shortage of manpower of the audit teams in both Hong Kong and China and thus disrupted the Group's initial schedule and audit progress. Due to the infection of financial staff of the subsidiaries of the Group in China, they underwent medical treatment in quarantine hospitals until full recovery. Even though they have no symptoms after recovery, they are still required to have home quarantine for several weeks for medical observation.

In addition, some other financial staff have resigned. As a result, the China financial staff were unable to work effectively and assist the auditors to complete the tasks in due course. At the same time, auditors are unable to have on-site access to books and records at the Group's offices located at Jiangmen and Guangzhou so that they require more time to complete sufficient audit works than pre-requested timeline.

Also, because of Covid's measurement restriction and citywide lockdown arrangements in China, certain physical interviews with customers and suppliers have not been conducted until the ban being lifted after mid of April 2022. Meanwhile, certain key audit confirmations on account receivables and payables in China as well as some China bank confirmations have not obtained yet due to postal services delay. These unexpected delay and uncertainties have caused much difficulties to its auditing works.

The publication of 2021 Annual Results and 2021 Annual Report will be further delayed. After discussing with the Company's auditor, taking into account the latest development of the COVID-19 pandemic and governmental measures and barring unforeseen circumstance, the Company currently expects that 2021 Annual Results and 2021 Annual Report should be able to be published and dispatched on or around 30 June 2022. The Company wishes to announce that additional time is required for the preparation of the financial information of the Group for the three months ended 31 March 2022, the announcement of the Company for the three months ended 31 March 2022 (the "2022 First Quarterly Results") could not be published by 13 May 2022 as required under the GEM Listing Rules and it is expected the first quarterly report of the Company for the three months ended 31 March 2022 will not be ready for publication and dispatch by 13 May 2022 as required under the GEM Listing Rules.

The Company currently expects that 2022 First Quarterly Results and 2022 First Quarterly Report should be able to be published and dispatched on or around 31 May 2022.