Asia pacific financial news

Basic Announcement::CHANGE OF FINANCIAL YEAR END FROM 30 JUNE TO 31 DECEMBER

PARKSON RETAIL ASIA LIMITED

(Firm registration quantity: 201107706H) Included within the Republic of Singapore

CHANGE OF FINANCIAL YEAR END FROM 30 JUNE TO 31 DECEMBER

The Board of Administrators (“Board“) of Parkson Retail Asia Restricted (“Firm” and along with its subsidiaries, the “Group“) needs to announce the change of the monetary 12 months finish of the Firm from 30 June to 31 December (“Change of Monetary Yr Finish“). The Change of Monetary Yr Finish is to coincide the Firm’s monetary 12 months finish with that of its final holding firm, Parkson Holdings Berhad (“PHB“). PHB had on 4 June 2021 introduced that it had modified its monetary 12 months finish from 30 June to 31 December to facilitate higher administration of assets for clean circulate of enterprise operations and monetary reporting.

With the Change of Monetary Yr Finish, the Firm’s present monetary 12 months which started on 1 July 2020, will now finish on 31 December 2021 (“FY2021“), and the following set of audited monetary statements for the FY2021 will cowl an 18-month interval from 1 July 2020 to 31 December 2021 (“FY2021 Monetary Statements“). Subsequently, the Firm will apply a 1 January to 31 December monetary 12 months.

In accordance with Rule 705 of the Itemizing Handbook of Singapore Trade Securities Buying and selling Restricted (“Itemizing Handbook“), the Firm will probably be asserting its monetary statements on the SGXNET in accordance with the next timeline:

Earlier Monetary

Monetary Interval

Interval As

Kind of

Interval for Launch

Comparability

Announcement

1 April 2021 to 30 June

1 April 2020 to 30 June

Quarterly

By 14 August 2021

2021

2020

(3-month interval)

(3-month interval)

1 July 2021 to 30

1 July 2020 to 30

Quarterly

By 14 November 2021

September 2021

September 2020

(3-month interval)

(3-month interval)

1 July 2020 to 31

1 July 2019 to 30 June

Full Yr

By 1 March 2022

December 2021

2020

(18-month interval)

(12-month interval)

Pursuant to the necessities of Rule 707(1) of the Itemizing Handbook and the Firms Act (Chapter 50 of Singapore), the Firm will maintain its subsequent annual normal assembly (“AGM“) on or earlier than 30 April 2022, and can desk the FY2021 Monetary Statements on the AGM.

BY ORDER OF THE BOARD

Tan Sri William Cheng Heng Jem Govt Chairman

10 June 2021

Disclaimer

Parkson Retail Asia Ltd. printed this content material on 10 June 2021 and is solely liable for the knowledge contained therein. Distributed by Public, unedited and unaltered, on 10 June 2021 09:39:02 UTC.

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