Salungano Group Limited announced delay in the publication of the financial results for the fiscal year 2023. The delay in the finalisation and publication of the fiscal year 2023 financial results relates to the finalisation of the Company's refinancing agreements (refinancing process). The refinancing process has not yet been concluded.

Noting the prolonged delay in the publication of the fiscal year 2023 financial results, the board of directors of Salungano Group has agreed with the auditors to sign off on the audit as a matter of urgency, notwithstanding the incomplete refinancing process. It was initially anticipated that the fiscal year 2023 financial results could be published by mid-March 2024. However, due to the recent court application to place a wholly-owned subsidiary under supervision and to commence business rescue proceedings, as outlined in the announcement released on SENS on 27 February 2024, the auditors have indicated that an additional review of the fiscal year 2023 financial results is necessary due to the possible impact of this post-reporting period event on the results.

The Board now anticipates that the results will be published on or before 15 April 2024.