Kingsley Edugroup Limited announced that the Company has resolved to change the financial year end date of the Company from 30 June to 31 August (the "Change"). Accordingly, the forthcoming financial year end date of the Company will be 31 August 2020. The next published audited consolidated financial statements of the Group will cover a fourteen-month period from 1 July 2019 to 31 August 2020. The Board considers that the Change is to align the Company's financial year which coincides with its subsidiaries' business operations in Malaysia and Kingsley International School's commencement of academic year in September in order to facilitate the preparation of the consolidated financial statements of the Group. To the best of their knowledge, belief and understanding, the Board does not foresee any material adverse impact on the Group's financial position and operations as a result of the change in financial year end date.