Time Watch Investments Limited provided earning guidance for the year ended June 30, 2020. For the period, the group is expected that the profit for the year attributable to the owners of the Company for Fiscal Year 2020 will decrease by approximately 70% as compared to that for the year ended 30 June 2019. The Board considers that such decrease was mainly attributable to the significant impact on the operations of the Group since January 2020 and the weak consumer sentiment caused by the outbreak of COVID-19 in the PRC.