ARway Corporation Announces Change of Fiscal Year End

Rhea-AI Summary

ARway (ARWYF) has announced a change in its fiscal year-end from August 31 to March 31. This modification aims to better align the company's financial statements and continuous disclosure requirements with its affiliates, streamlining reporting obligations. The company plans to file its annual disclosures in late July 2025, covering the seven-month period ending March 31, 2025. These disclosures will include audited financial statements in accordance with National Instrument 51-102.

Additional details regarding the fiscal year-end change and interim reporting procedures will be available in the Company's Notice of Change of Financial Year-End, which will be filed on SEDAR.

Positive

• Streamlined reporting alignment with affiliates potentially reducing administrative costs
• Enhanced reporting efficiency through consolidated timeline

Negative

• None.

TORONTO, ON / ACCESS Newswire / February 10, 2025 / Arway Corporation (CSE:ARWY)(OTCQB:ARWYF)(FSE:E65) ("Arway" or the "Company") today announces that it is changing its fiscal year-end from August 31 to March 31.

The Company is changing its financial year-end to better align the Company's financial statement and continuous disclosure requirements with those of its affiliates to streamline reporting its reporting obligations. As a result, the Company expects to file its annual disclosures in late July 2025 for the seven months ended March 31, 2025, including audited financial statements and in accordance with National Instrument 51-102 - Continuous Disclosure Obligations ("NI 51-102").

Further details regarding the change in fiscal year-end, including the Company's interim reporting procedures, will be available in the Company's Notice of Change of Financial Year-End, prepared in accordance with section 4.8 of NI 51-102, which will be filed on the Company's profile on SEDAR at www.sedarplus.ca.

For further information, please contact:

Investor Relations Contact
Evan Gappelberg CEO/Director
866-ARITIZE (274-8493)

Forward-looking Statements

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Certain information contained herein may constitute "forward-looking information" under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, "will be" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove to be accurate, as future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

SOURCE: ARway Corporation

View the original press release on ACCESS Newswire

FAQ

When will ARway (ARWYF) file its next annual financial statements?

ARway will file its annual disclosures in late July 2025 for the seven-month period ended March 31, 2025.

What is ARway 's (ARWYF) new fiscal year-end date?

ARway 's new fiscal year-end is March 31, changed from August 31.

Why did ARway (ARWYF) change its fiscal year-end?

The change was made to better align the company's financial statement and continuous disclosure requirements with those of its affiliates to streamline reporting obligations.

Where can investors find details about ARWYF's fiscal year-end change?

Details will be available in the Company's Notice of Change of Financial Year-End, which will be filed on SEDAR at www.sedarplus.ca.