The Board of Directors of the Company has approved the change of financial year end of the Company from 31 December to 30 June. Following the change of financial year end, the next set of audited financial statements shall be made up for a period of 18 months, from 1 January 2019 to 30 June 2020. Thereafter, the financial year end of the Company shall end on 30 June for each subsequent year. The reason for the change of financial year is to avoid the peak financial reporting period in December.