Yida China Holdings Limited is required to publish an announcement for the annual results of the Company and its subsidiaries for the year ended 31 December 2023 on a date not later than three months after the end of the financial year of the Company, namely, on or before 31 March 2024. Under Rule 13.49(2) of the Listing Rules, the preliminary announcement in relation to the 2023 Annual Results shall be based on the Company's financial statements for the financial year ended 31 December 2023 which shall have been agreed with the Company's auditor. The appointment of the new auditor of the Company was approved by the shareholders of the Company by way of an ordinary resolution at the extraordinary general meeting of the Company convened and held on 25 March 2024.

The Company anticipates that it is unable to complete the necessary procedures for finalizing its audited consolidated financial statements for the financial year ended 31 December 2023 with the new auditor of the Company by 31 March 2024. As a result, the Company will not be able to publish the 2023 Annual Results in accordance with Rules 13.49(1) and (2) of the Listing Rules.