CA Cultural Technology Group Limited announced further Delay in Publication of Audited Annual Results for the Year Ended 31 March 2022. The company announced that as disclosed in the Announcements, the Company was unable to finalise its Audited Annual Results owing to various factors such as the pandemic's continuous effect in Shanghai, leading to its different restrictive measures such as various extent of lockdown and mass compulsory testing since early April of 2022 till early August of 2022, in which one of the Group's major subsidiaries is located, and the delay on certain key audit procedures including review on valuation works prepared by the expert engaged by the Board. In light of the above circumstances, the Audit Process has not been completed as at the date of this announcement, and in view of such delay in completion, (i) the assessment of impairment model prepared by the Group's professional expert; (ii) the relevant valuations with data input and assumptions; and (iii) such review and assessment on the impact of winding up petitions on the going concern basis of preparation of the financial statements have to be postponed until the Audit Process is completed.

Based on the information currently available to the Company and the current progress of the Audit Process, taking into account that internal review of audit works has been completed by the Auditor as at the date of the announcement, it takes the Auditor more time for the provision of the Group's draft audit results for the review of the Company's audit committee and the board of the Company, and it is anticipated that the expected publication date of the Audited Annual Results will be postponed to 26 September 2022 and the expected despatch date of the Annual Report will be postponed to 30 September 2022. As at the date of this announcement, the Auditor is now working on the consolidation work sheets of the Company and reviewing on the valuation works prepared by the expert engaged by the Board. The expected timetable of the Auditor's work is as follows: 23 September 2022; Review and finalise the valuation works prepared by the expert engaged by the Board and draft audit results of the Group for the year ended 31 March 2022 to be provided.

Meeting of the audit committee and the board of the Company to approve the Audited Annual Results 26 September 2022: Publication of the Audited Annual Results On or before 30 September 2022 Despatch of the Annual Report.