The board of directors of the China Ecotourism Group Limited resolved to change the financial year end date of the Company from 31 December to 30 June with immediate effect. Accordingly, the next financial year end date of the Company will be 30 June 2023 and the next audited financial statements of the Group to be published will cover the period of 18 months commencing from 1 January 2022 and ending on 30 June 2023. The Board considers that the change of financial year end date to 30 June will enable the Group to
rationalise and mobilise its resources with higher efficiency for the preparation of results announcement
as well as reports given the change will: avoid competition of resources with other listed companies with regard to results announcement
and reports-related external services under the peak reporting season in the market; and remove the uncertainty from the variation in the dates of the Chinese New Year Holiday which put
pressure on the workflow.