The board of directors (the "Board") of Termbray Industries International (Holdings) Limited resolved to change the financial year end date of the Company from 31 March to 31 December with immediate effect. Accordingly, the next financial year end date of the Company will be 31 December 2020 and the next annual audited financial statements of the Company will cover a 9-months period from 1 April 2020 to 31 December 2020. Taking into consideration that the current principal businesses of the Group are carried out mainly through its subsidiaries with the financial year end date on 31 December, the Board considers that the change of financial year end date of the Company from 31 March to 31 December will enable alignment of the Company's financial year end date with that of its principal subsidiaries.