IBO Technology Company Limited provided group earnings guidance for the year ended 31 March 2020. The board of directors of the company informed the shareholders of the company and potential investors of the company that based on the preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 March 2020 and the information currently available, it is expected to record a loss attributable to the owners of the company of not less than RMB 40,000,000 during the Year (the profit attributable to the owners of the Company for the year ended 31 March 2019 was approximately RMB 33,950,000). However, it is expected that its revenue during the year would exceed RMB 480,000,000.