Huafang Group Inc. announced that the Company expects to publish the 2022 Audited Annual Results and despatch the 2022 Annual Report on or before June 30, 2023, subject to the actual progress of the Investigation. As stated above, the Company is currently negotiating with the Independent Investigator to conduct the Independent Investigation to assess the impact of the Frozen Accounts and the Investigation on the Company's business operation and financial position and further communicating with its auditors. Accordingly, the publication of the 2022 Audited Annual Results and despatch of the 2022 Annual Report will be further delayed.

The expected date of publication will be announced as and when appropriate.