The board of directors of the China Education Group Holdings Limited announced that it has resolved to change the financial year end date of the company from 31 December to 31 August. Accordingly, the next financial year end date of the group will be 31 August 2018 and the next audited consolidated financial statements of the Group to be published will be in respect of the 8-month period from 1 January 2018 to 31 August 2018. The change is to align the financial year end date of the group with the academic year of the schools operated by the group in the People's Republic of China, which ends in August each year. The board considers that the change will facilitate the preparation of the consolidated financial statements of the group and to better reflect the operational results of the group for the financial year.