Polyard Petroleum International Group Limited announced that reference is made to the announcement of the Company dated 31 March 2022 in
relation to, among others, the unaudited annual results of the Company for the year ended 31 December 2021 and delay in the release of the audited annual results and despatch of the annual report of the Company for the year ended 31 December 2021. Th company was expected that the publication of 2021 Audited Annual Results and the publication and despatch of 2021 Annual Report will be delayed to a date falling on or before 15 May 2022. However, the Board informed the Shareholders that there will be a further delay in the release of the 2021 Audited Annual Results and despatch of the 2021 Annual Report. Additional time is required for the auditor of Company to complete the audit procedures due to the following reasons: audit supporting documents in relation to a PRC subsidiary of the Group requested by the auditors of the Company are outstanding due to the tightened COVID-19 prevention measures (e.g. lockdowns and quarantines) in Beijing, Mainland China. Some bank confirmations in relation to the subsidiaries of the Group in Hong Kong, PRC and Philippines are outstanding; an overseas subsidiary of the Group in the Philippines has experienced delays in providing accounting documents and audit confirmation to the auditor of Company due to the COVID-19 prevention measures imposed by the Government of the Philippines.