The board of directors of REXLot Holdings Limited announced that it has resolved to change the financial year end date of the Company from 31 December to 31 March effective immediately. Accordingly, the next financial year end date of the Company will be 31 March 2020 and the next published audited financial statements of the Company will cover a 15-month period from 1 January 2019 to 31 March 2020. The Board considers that the change of financial year end date to 31 March will enable the Group to rationalize and more efficiently use its resources for the preparation of its results announcements as well as interim and annual reports. The change in the financial year end will allow the Company to better plan its audit schedules with its auditors by removing the uncertainty from the variation in the dates of the Chinese New Year holidays which put pressure on the workflow, thereby resulting in better cost savings and efficiencies.