Alliance International Education Leasing Holdings Limited announced that it has resolved to change the financial year end date of the Company from 31 December to 31 March. Accordingly, the forthcoming financial year end date of the Company will be 31 March 2024 and the next audited consolidated financial statements of the Company will be for the period of 15 months from 1 January 2023 to 31 March 2024. The Board considers that the Change of Financial Year End Date will enable theCompany to rationalise and better mobilise its resources with higher efficiency for the preparation of its interim and annual results announcements and reports given the change will allow the Group to: symbolise a new milestone of the Company subsequent to the engaging in offering private higher education after completion of acquisition of the 70% interests in Yantai Nanshan University in August 2022; have sufficient time to collect all financial information from the two different business segments of the Company (namely, finance leasing and private higher education services) for auditing purpose; and remove the uncertainty from the variation in the dates of the Chinese New Year Holidays which put pressure on the workflow.