Chuanglian Holdings Limited announces that it has resolved to change the financial year end date of the Company from 31 December to 30 June. Accordingly, the forthcoming financial year end date of the Company will be 30 June 2024 and the next audited consolidated financial statements of the Company will be for the period of 18 months from 1 January 2023 to 30 June 2024. REASONS FOR THE CHANGE OF FINANCIAL YEAR END DATE The Board considers that the Change of Financial Year End Date will enable the Company 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: (i) avoid competition of resources with other listed companies regarding results announcement and reports-related external services under the peak reporting season in the market; and (ii) remove the uncertainty from the variation in the dates of the Chinese New Year Holiday which put pressure on the workflow.