The Board of Sheng Yuan Holdings Limited announced the shareholders of the Company and potential investors that there will be a delay in publication of the Annual Results for the year ended 31 December 2023 as the Auditor requires additional time to complete the audit process on certain trading contracts. The delay in publication of the 2023 Annual Results will constitute non-compliance with Rule 13.49(1) of the Listing Rules. The Company has been using its best endeavours to assist and cooperate with the Auditor to complete the audit process as soon as possible.

It is expected that the 2023 Annual Results will be published on 1 April 2024. Rule 13.49(3) of the Listing Rules provides that where an issuer is unable to make an announcement of its preliminary results in accordance with Rules 13.49(1) and 13.49(2) of the Listing Rules, it must announce its results based on the financial results which have yet to be agreed with the auditor (so far as the information is available). The Company, after due and careful consideration, decided not to publish the unaudited management accounts of the Group for the year ended 31 December 2023 at this stage so as to avoid causing confusion to the Shareholders and potential investors of the Company.