Zhongzheng International Company Limited announced the delay in publication of the audited annual results announcement (the "Announcement"), and the announcement of the Company dated 19 October 2022 in relation to the publication of the unaudited annual results of the Company for the eighteen months ended 30 June 2022 (the "Unaudited Annual Results Announcement"). Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement and the Unaudited Annual Results Announcement. As disclosed in the Announcement and the Unaudited Annual Results Announcement, due to the recent outbreak of COVID-19, various cities in the PRC, including Nanjing and Luanping have implemented stringent travel and quarantine restrictions.

As those discontinued business which holds land and property development projects in the PRC, are located in Nanjing and Luanping, the stringent travel and quarantine restrictions adversely affected the conduct of audit procedures. As at the date of this announcement, the Company's auditors have not fully completed the auditing process for the annual results for the eighteen months ended 30 June 2022 and additional time is required for the completion of the audit process such as physical inspection of property, plant and equipment of the Group, face-to-face collaborative enquiry with key management personnel of the Group and all other relevant third parties, and vouching of supporting documents of the Group. As such, the Company expects a further delay on the publication of the 2022 Audited Annual Results.

It is estimated that the 2022 Audited Annual Results will be published on or before 31 January 2023. The Board wishes to emphasise that the operation of the Group remains normal and the Company will use its best endeavours to cooperate with the auditors to enable it to complete its audit work as soon as possible.