Vision Values Holdings Limited announced delay in publication of audited annual results announcement for the year ended 30 June 2022. The board of directors of the Company informed the shareholders of the Company and potential investors that the Company's auditing process for the year ended 30 June 2022 (the "Financial Year") on one of key subsidiaries has been adversely affected due to the implementation of the COVID-19 pandemic prevention and quarantine control measures in Xinjiang, the People's Republic of China. The process affected includes the delay in sending and receiving audit confirmations to and from banks, suppliers and customers under the limited postal services, suspension of work and closure of the offices in Xinjiang under the lockdown measures implemented in Xinjiang, affecting the preparation and gathering process of necessary documents and information required for the audit work.

As the auditor of the Company (the "Auditor") requires additional time for conducting its audit work, it is anticipated that the Company will not be able to publish the audited annual results of the Group for the Financial Year on or before 30 September 2022 in accordance with Rules 13.49(1) and 13.49(2) of the Listing Rules. The Company expects to publish the audited annual results upon completion of such reporting and audit processes after easing of the lockdown measures in Xinjiang as soon as practicable.