Hi @Woody Chiu at RASI ,
In this situation, can I be 100% confirmed there was no such email reaching our email system at all, or there may be still some exceptions?
Per my understanding, yes, you can confirm that the mail didn't reach your email system at all in this situation.
As indicated in the following official document, message trace can be used to track messages as they pass through your Exchange Online or EOP service. So, if nothing about the mail can be found in your message trace, basically it means the message didn't reach your Exchange online or EOP service.
Trace an email message in Exchange Online
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