IBO Technology Company Limited provided earnings guidance for the six months ended 30 September 2020. For the period, it is expected to record a loss attributable to the owners of the Company of not less than RMB 15.0 million during the Reporting Period (a profit attributable to the owners of the Company for the six months ended 30 September 2019 was approximately RMB0.73 million), and this is mainly attributable to the decrease in revenue and gross profit of the Group during the Reporting Period compared to the Corresponding Period of 2019 due to the impact of the COVID-19 pandemic on the economy of China.