Reference is made to the announcements of Coslight Technology International Group Limited dated 31 March 2020 and 7 May 2020 in connection with the 2019 unaudited annual results announcement for the year ended 31 December 2019. Due to the outbreak of the COVID-19 in China, the financial information preparation, especially in the PRC operations, was delayed. The audit process for the results of the Group for the year ended 31 December 2019 ("2019 Annual Results") had not been complete. The board of directors of the Company (the "Board") wishes to update the shareholders and potential investors of the Company that, based on the latest development and progress of the audit process, additional time is required for the completion of the audit process for the 2019 Annual Results. Based on the recent discussion with the Company's auditor, the Board currently expects that, barring unforeseen circumstances, the audit procedures will be completed on or before 30 June 2020 and the audited annual results announcement and the annual report for the year ended 31 December 2019 will be published on 30 June 2020.