The board of directors of China Sports International Limited announced the change in the company's financial year end from 31 December to 30 June. Accordingly, the current financial year of the Group will cover a period of 18 months from January 1, 2016 to June 30, 2017. The Board takes the view that by changing the financial year end of the Company from 31 December to 30 June, the group may avoid having to complete the audit during the audit peak period in December. This will allow for greater administrative efficiency in coordinating the group's financial reporting requirements with its external professional advisers.