The Board of Glorious Property Holdings Limited announced that COVID-19 related lockdown and tightened prevention and control measures in Shanghai, where the Group's headquarter and main operating subsidiaries are located, have continued to present practical difficulties to the auditor of the Company to complete their audit procedures, including to obtain certain external confirmations from third parties and conduct certain interviews for the audit of the Group. Accordingly, the Company is experiencing practical difficulties in publishing the Audited Annual Results announcement no later than 30 April 2022 as initially anticipated in the Announcement. Based on the above and the current progress of the audit process, it is expected that the publication of the Audited Annual Results announcement will be further delayed to no later than 23 May 2022, and the annual report of the Company for the financial year ended 31 December 2021 will be dispatched to the Shareholders on or before 31 May 2022.

The Board wishes to further supplement that the Company has been using its best endeavors to assist the auditor in completing their audit work.