Ascent International : CHANGE OF FINANCIAL YEAR END DATE (in PDF)

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ASCENT INTERNATIONAL HOLDINGS LIMITED

中璽國際控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 264) CHANGE OF FINANCIAL YEAR END DATE

This announcement is made by Ascent International Holdings Limited (the "Company", together with its subsidiaries, the "Group") pursuant to Rule 13.51(4) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

The board of directors (the "Board") of the Company announces that it has 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 2016 and the next audited financial statements of the Group will cover a 9-month period from 1 April 2016 to 31 December 2016.

REASONS FOR THE CHANGE

The Group's operations are principally carried out through its principal operating subsidiaries which are situated in the People's Republic of China, which have adopted 31 December as their financial year end date. In order to conform to the financial year end date of the Company's principal operating subsidiaries, the Board has decided to change the financial year end date of the Company from 31 March to 31 December. The Board considers the change of financial year end date of the Company can help to facilitate the preparation and updating of the consolidated financial statements and accounts of the Group and for the benefit of the overall development of the Group.

The Board does not foresee any material financial implications on the Group as a result of the change in financial year end date of the Company nor is there any other matter of significance that needs to be brought to the attention of the shareholders of the Company in this regard.

SUBSEQUENT FINANCIAL REPORTING PERIODS

Following the change of financial year end date, the Company will announce and publish its financial results with respect to the following financial periods on or before the following relevant deadlines:

Financial period covered Deadline for results announcement Deadline for despatch of financial report

Audited final results for the 9-month period

from 1 April 2016 to 31 December 2016 31 March 2017 30 April 2017

Unaudited interim results for the 6-month period

from 1 January 2017 to 30 June 2017 31 August 2017 30 September 2017

By Order of the Board

Ascent International Holdings Limited Wu David Hang

Chairman

Hong Kong, 8 December 2016

As at the date of this announcement, the Board comprises two executive Directors, namely Mr. Wu David Hang and Mr. Hou Jian; and three independent non-executive Directors, namely Mr. Wong Yik Chung John, Mr. Ernst Rudolf Zimmermann and Mr. Ng Man Fai, Matthew.