The Board is desirous to change the financial year end of the Company from 31/12/2020 to 30/6/2021 due to continuing extension of the MCO in Malaysia and lockdowns in countries in which the Group operate, which hampered the ability to finalise the Group's financial statements (FS); expansion of Group's operations in new countries further add to more time required to finalise FS; and to facilitate better audit planning and allocation of resources to avoid the peak financial reporting period.