China Rundong Auto Group Limited announced delay in publishing earnings result for the year 2020. As disclosed in the announcement dated 31 May 2021, the Court ruled that 103 PRC subsidiaries of the company shall undergo the Substantive Consolidated Restructuring. Due to numerous subsidiaries involved in and tedious work, the workload seriously exceeds the expected, the Company has to deploy more staff and resources to assist in the restructuring, and due to the existing limited resources of the Company, additional time is required for the company to complete the sorting of financial data of certain closed stores and provide all necessary information requested by the auditors of the company to perform and complete the audit procedures in respect of the 2020 Annual Results. The board of directors of the company informs the Shareholders that, the publication of the 2020 Annual Results will be further postponed. The company is working closely with its auditors to provide them with all the required financial data in order to assist them in completing the audit process as soon as possible. The company will make further announcement to inform the Shareholders and potential investors on the expected date of publication of the 2020 Annual Results if and when appropriate.