The Board of ZMFY Automobile Glass Services Limited informed the shareholders of the Company and potential investors that the publication of the 2021 Annual Results and the dispatch of the 2021 Annual Report will be delayed as the Company was unable to finalize the consolidated financial statements for the year ended 31 December 2021 including the financial impact of the Alleged Guarantees. As the Company does not possess any information in relation to the Alleged Guarantees, other than some civil mediation agreements issued by the People's Court of various districts in Beijing (" Mediation Agreements ") mentioning about the Alleged Guarantees, the Company cannot provide to the Auditors with any actual details about the Alleged Guarantees. The Company is in the course of investigating the Alleged Guarantees and will provide more information to the Auditors once available.

Thus, as at the date of this announcement, the Auditors are not able to perform or design additional audit procedures until the completion of the investigation on the Alleged Guarantees.