The board of directors of KTL Global Limited announced the change of the company's financial year end from December 31 to June 30. Following the aforesaid change, the current financial year of the company will end on June 30, 2022 and the current set of audited financial statements of the company will cover a period of 18 months from January 1, 2021 to June 30, 2022. Thereafter, the financial year of the company will commence on July 1 each year and end on June 30 of the following year.

The group had suspended its BOP services business since January 2021. Following the completion of the company's acquisition of the entire issued and paid-up share capital of Tianci Agritech Pte. Ltd. (TCA) on June 28, 2021, the group operates in one business segment involved in the sale and distribution of fresh vegetables and fruit produce.

The group will, as at December 31, 2021, record operations from TCA for only six months. The Board is of the view that it would be more meaningful and reflective of the Group's performance if the financial year end of the Group was changed to June 30 which would then capture a full year of business activities of the Group.