Zall Smart Commerce Group Ltd. announced that, as advised by the auditor of the company, due to the recent surge of coronavirus disease (COVID-19) cases in the PRC, coupled with the implementation of lockdown measures in Shanghai where two of the Group's main operating subsidiaries are located, there have been operational difficulties that additional time is required by the Auditor to complete their audit procedures. Accordingly, the company has practical difficulty to publish the Audited Annual Results Announcement on or before 14 April 2022 as mentioned in the Announcements. Based on the above and the current progress of the audit process, it is expected that the publication of the Audited Annual Results Announcement will be further delayed to a date falling on or before 29 April 2022, and the annual report of the Company for the financial year ended 31 December 2021 will be dispatched to the Shareholders on or before 13 May 2022.

In light of the further delay in publication of the Audited Annual Results Announcement, the meeting of the Board for the purpose of, among others, considering and approving the Audited Annual Results Announcement and its publication, and the recommendation on payment of a final dividend, if any, will be further postponed to a date falling on or before 29 April 2022.