1435 Chung Fu Announcement on Extension of Financial Report Filing Deadline

Chung Fu has received approval from the regulatory authority to extend the deadline for the re-announcement and filing of its 114th fiscal year and 115th Q1 financial reports. The delay was caused by the inability to obtain sufficient audit evidence from its equity-method investment company, Fuxing. The new chairman, Chen Jian, is currently taking legal and administrative steps to retrieve the necessary financial data from the former management. The new deadline is June 15, 115. The company aims to complete the audit and protect shareholder interests.