In accordance with Listing Rule 13.49(1) and 13.46(2) (a), the China Haisheng Juice Holdings Co. Ltd. must respectively publish the audited annual performance for the fiscal year ending December 31, 2022 within three months after the end of the fiscal year, and send the corresponding annual report to shareholders for the year ending December 31, 2022 within four months after the end of the fiscal year. Due to severe liquidity problems encountered by the group resulting in changes in personnel, and as of now, the company's liquidity has not significantly improved, resulting in the inability to complete the publication of the above-mentioned required information.

Therefore, the Company will not be able to publish the 2022 annual results on or before March 31, 2022, and will not be able to mail the 2022 annual report to shareholders on or before April 30, 2023. For the same reason, the Company will not be able to publish the first quarter performance update for the current fiscal year on or before April 30, 2023. The foregoing delay/failure to publish the 2022 annual results and the possible delay in mailing the 2022 annual report to shareholders, and the inability to publish the first quarter performance update for this fiscal year on or before April 30, 2023, will constitute a breach of Rule 13.49(1) and Rule 13.46(2)(a) of the Listing Rules.

Nevertheless, the Board of Directors hereby emphasizes that the operations of the existing factories and bases under the Group are basically normal, and they will continue to work closely with the restructuring manager to promote the acceleration of the restructuring plan and determine the restructuring investors as early as possible and issue further announcements when appropriate.