The board of directors of Yoma Strategic Holdings Ltd. announced the change of the Company's financial year end from 30 September to 31 March. Following the change in financial year end, the current financial year will cover a period of 18 months from 1 October 2021 to 31 March 2023. Rationale for Change: The Company and its subsidiaries operate primarily in the Republic of the Union of Myanmar.

On 7 September 2021, the Central Bank of Myanmar announced the fiscal year will be changed to 1 April to 31 March (previously 1 October to 30 September) for banks, financial services companies and mobile financial services providers. Following this, on 30 September 2021, the Department of Taxpayer Services for Medium Taxpayers Office issued a letter informing taxpayers at its office that the change to the fiscal year will apply to these taxpayers. The Company's Myanmar subsidiaries have effected the change in their financial year end from 30 September to 31 March to comply with the mandate.

As such, the Company and its Singapore subsidiaries have changed its existing financial year end from 30 September to 31 March to coincide with this mandatory change to reduce additional external audit costs and internal resources and efforts to be expended to accommodate the Company's financial reporting.