Regal International : Change of Financial Year End from 31 December to 30 June

The Board of Directors (the "Board") of Regal International Group Ltd. (the "Company", and together with its subsidiaries, the "Group") wishes to announce the change of the Company's financial year end from 31 December to 30 June. Henceforth, the financial year of the Company will end on 30 June of each year. With the change of financial year, the next set of audited financial statements for the financial period ending 30 June 2022 will cover a period of 18 months from 1 January 2021 to 30 June 2022 ("FY2022").

The reason for the change of financial year end is to facilitate better management of resources for smooth flow of business operations and financial reporting. In reaching this decision, the Board took into consideration the availability of resources during the year end and the first few months of each calendar year, which has traditionally been an intensive period for the Group, as well as business planning for the new financial year.

In accordance with Rule 705 of the Listing Manual of the Singapore Exchange Securities Trading Limited ("SGX- ST"), the Company will be releasing announcements of its financial results as set out below: