Willas-Array Electronics (Holdings) Limited — Regulatory Filings 2024

Oct 21, 2024

Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited and Singapore Exchange Securities Trading Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

Singapore Exchange Securities Trading Limited assumes no responsibility for the correctness of any of the statements made, reports contained, or opinions expressed in this announcement.

WILLAS-ARRAY ELECTRONICS (HOLDINGS) LIMITED 威雅利電子（集團）有限公司

(Incorporated in Bermuda with limited liability) (Hong Kong stock code: 854) (Singapore stock code: BDR)

CHANGE OF FINANCIAL YEAR END DATE

This announcement is made by the board (the “ Board ”) of directors (the “ Directors ”) of Willas-Array Electronics (Holdings) Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) pursuant to Rule 13.51(4) of the Rules Governing the Listing of Securities (the “ Hong Kong Listing Rules ”) on The Stock Exchange of Hong Kong Limited (the “ Stock Exchange ”).

CHANGE OF FINANCIAL YEAR END DATE

The Board announces that it has resolved to change the financial year end date of the Company from March 31st to December 31st. Accordingly, the upcoming financial year end date of the Company will be December 31, 2024 and the next audited consolidated financial statements of the Company will be for the period of nine months from April 1, 2024 to December 31, 2024.

REASONS FOR THE CHANGE OF FINANCIAL YEAR END DATE

Pursuant to the announcement dated September 27, 2024, as the Company has become an indirect subsidiary of Shanghai YCT Electronics Group Co., Ltd. (上海雅創電子集團 股份有限公司) (stock code: 301099) (“ Shanghai YCT ”) following the close of the voluntary unconditional offers on September 27, 2024, the Company’s financial results shall be required to be disclosed in Shanghai YCT’s consolidated financial statements. As of the date of this announcement, the financial year end dates of the Company and Shanghai YCT are March 31st and December 31st respectively. The change of the financial year end date of the Company to align with the financial year end date for Shanghai YCT shall prevent any premature disclosure of financial information of the

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Company. Additionally, as the Company’s subsidiaries established in the People’s Republic of China are statutorily required to prepare their accounts with the end date of December 31st, the Board considers that the change of financial year end date will also better facilitate the preparation of the consolidated financial statements of the Group and avoid the potential duplication of work for the Group’s finance team.

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.

SUBSEQUENT FINANCIAL REPORTING PERIODS

Following the change of financial year end date, the Company shall announce and publish its financial results and report for the relevant financial periods in accordance with the Hong Kong Listing Rules and the listing manual of Singapore Exchange Securities Trading Limited (the “ Singapore Listing Manual ”). The Company has adopted the more stringent deadline as required by the Hong Kong Listing Rules and the Singapore Listing Manual in the event of any differences as follows:

	New deadline for	New deadline for
	publication of results	publication
Financial period covered	announcement	of financial report
Audited annual results	March 1, 2025	April 30, 2025
for the nine months ending	(Singapore Listing	(Singapore Listing
December 31, 2024	Manual)	Manual)
Unaudited interim results	August 14, 2025	September 30, 2025
for the six months ending	(Singapore Listing	(Hong Kong Listing
June 30, 2025	Manual)	Rules)

By Order of the Board Willas-Array Electronics (Holdings) Limited Fan Qinsheng Executive Director

Hong Kong/Singapore, October 21, 2024

As at the date of this announcement, the Board comprises two Executive Directors, namely Xie Lishu (Chairman) and Fan Qinsheng; one Non-executive Director, Huang Shaoli; and four Independent Non-executive Directors, namely Chong Eng Wee (Lead Independent Director), Lau Chin Huat, Tso Sze Wai and Jiang Maolin.

In the case of inconsistency, the English text of this announcement shall prevail over the Chinese text.

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