The board of directors of In Technical Productions Holdings Limited announced that it has resolved to change the financial year end date of the Company from 31 May to 31 December. Accordingly, the forthcoming financial year end date of the Company will be 31 December 2022 and the next audited consolidated financial statements of the Group will cover a seven-month period from 1 June 2022 to 31 December 2022. The Board considers that the change of the Company's financial year end date from 31 May to 31 December will enable the Group to align its financial year end date with that of the Company's principal subsidiaries incorporated in the People's Republic of China, which are statutorily required to prepare their accounts with the financial year end date of 31 December. The Board considers that the change of financial year end date of the Company will facilitate the preparation of the consolidated
financial statements of the Group and save on audit costs accordingly. The Board does not foresee any material adverse impact on the Group's financial position and operations as a result of the change of financial year end date. There are no other matters that need to be brought to the attention of the shareholders of the Company in relation to the change of financial year end date.