Formula 1 will remain in China until 2020 after the sport today confirmed a new three-year deal with organisers in Shanghai.

The Chinese Grand Prix had been marked as provisional on the draft calendar released by the sport after its previous contract came to an end following the 2017 event.

“As the promoter of the Formula 1 Chinese Grand Prix, Shanghai Juss Sports Development (Group) is delighted to announce an agreement to host the Formula 1 Chinese Grand Prix for three more years,” said Jiang Lan, chairman of Shanghai Juss Sports Development, which promotes the event.

“Since its Shanghai debut in 2004, the Formula 1 Chinese F1 Grand Prix has become a motorsport show piece for China but also a fixture for all of Asia Pacific’s and global motorsports fans.”

“We are very pleased to have reached an agreement which will see the Formula 1 Chinese Grand Prix continue as a fixture of the Formula 1 World Championship for at least a further three years,” added Formula 1 CEO Chase Carey.

“We firmly believe there is still a great deal of unexplored potential here. That’s why this renewed agreement is so important as part of our development strategy, especially in this part of the world.

“We and our partners in this venture want to make this Formula 1 Chinese Grand Prix even more spectacular, while bringing Chinese fans ever closer to the sport.”

The announcement also stated next year’s Chinese Grand Prix will be held on April 15, seeing it swap dates with the Bahrain Grand Prix which will now take place on April 8.