The board of directors of Ourgame International Holdings Limited inform the shareholders of the company and potential investors of the company that there may be a delay in the release of the audited annual results of the Group for the year ended 31 December 2023 as the Company is still in the process of collecting and collating the necessary information and documents as required by the auditor of the Company to complete the auditing process, including the financial information of the principal subsidiary, Allied Gaming & Entertainment Inc., listed on NASDAQ, which have necessitated additional time required by the Auditor to complete the auditing process. Hence, additional time is required for the company to finalise the 2023 Annual Results. Pursuant to Rule 13.49(1) of the Listing Rules, the Company is required to publish the 2023 Annual Results no later than three months after the end of the financial year (i.e., on or before 31 March 2024).

The Board acknowledges that any delay in publishing the announcement in relation to the 2023 Annual Results, if materialised, will constitute non-compliance with Rule 13.49(1) of the Listing Rules. Rule 13.49(3) of the Listing Rules provides that where an issuer is unable to make an announcement of its preliminary results, it must announce its results based on the financial results which have yet to be agreed with the auditor (so far as the information is available). The Board, after due and careful consideration, is of the view that it would not be appropriate for the Company to publish the unaudited management accounts of the Company for the year ended 31 December 2023 at this stage as such management accounts may not accurately reflect the financial performance and position of the Company.

The Company wishes to emphasise that the operations of the Group remain normal, and the Company is working closely with the Auditor and doing its utmost to provide all the requisite information and documents for the Auditor to complete the audit procedures as soon as practicable. The Company expects to publish the 2023 Annual Results by the end of April 2024.