Time Interconnect Technology Limited announced that it has resolved to change the financial year end date of the Company from 31 March to 31 December. Accordingly, the forthcoming financial year end date of the Company will be 31 December 2023 and the next audited consolidated financial statements of the Company will be for the period of nine months from 1 April 2023 to 31 December 2023. The change of the financial year end date of the Company is to align the financial year end date of the Company with (i) that of Luxshare, the intermediate holding company of the Company; and (ii) Time Interconnect Technology (Huizhou) Limited, Time Interconnect Wire Technology
(Huizhou) Limited, Linkz Industries (Shanghai) Limited, Linkz Industries (Suzhou) Limited and Da Chuang Precision Intelligent Manufacturing (Kunshan) Co., Limited, the principal operating subsidiaries of the Company, which are statutorily required to fix their financial year end date at 31 December in The People's Republic of China. The Board considers that the change of the financial year end date will better facilitate the preparation of the consolidated financial statements of the Group. To the best of its knowledge and belief, the Board does not foresee any material adverse impact on the Group resulting from the change of financial year end date of the Company and there is
no other significant matter that needs to be brought to the attention of the shareholders of the Company in this regard.