The board of directors of Sprocomm Intelligence Limited announced that, based on the unaudited consolidated management accounts of the Group for the six months ended 30 June 2020 and information currently available to the Company, the Group expects that the net profit for the six months ended 30 June 2020 will decrease by 30% to 45% as compared with the corresponding period in 2019 (excluding the impact of listing expenses). The expected decrease in net profit is mainly due to: the lockdown and social distancing measures imposed by many countries to contain the spread of novel coronavirus. These measures interrupted the Group's supply chain logistics and production plans, which significantly reduced its production capacity and led to late delivery of products to its customers. As a result, the Group's revenue for the six months ended 30 June 2020 is expected to decrease by 20% to 30% as compared with the corresponding period in 2019; the recognition of share- based payment expenses for the grant of share options on 14 April 2020; and certain operating costs of the Group remain fixed.