China United Venture Investment Limited announced that as disclosed in the Announcements, it was originally expected that the audited annual results for fiscal year 2021 and the Annual Report will be published no later than 31 May 2022. However, given the continuing implementation of the COVID-19 pandemic prevention and control quarantine measures in various cities, in particular Shanghai in the PRC since the publication of the Announcements, the audit procedures were further disrupted and have yet to be completed. As at the date of this announcement, there are key outstanding audit documentation for the completion of the audit covering three aspects, namely (i) financial analysis for capital sufficiency; (ii) going concern and impairment analysis; and (iii) audit confirmations from related parties, debtors, creditors and banks.

These outstanding items remain outstanding due to movement restrictions under the COVID-19 pandemic measures in Shanghai, which has restricted the relevant parties' access to office locations and computers as well as causing delay in mail services. In light of above situations, the Company was not be able to publish the audited annual results for fiscal year 2021 and despatch the Annual Report on or before 31 May 2022.