Watts International Maritime Engineering Limited provided earnings guidance for the six months ended 30 June 2020. The board of directors of the Company announced that, based on the preliminary review of the unaudited consolidated management accounts of the Group (the "Management Accounts") for the six months ended 30 June 2020 (the "Relevant Period") and the information currently available to the Board, the Board anticipates that the Group will record a decrease in profit attributable to shareholders for the Relevant Period by approximately 49%, as compared to the corresponding period of 2019, which is mainly due to, among other things, the impact of the outbreak of the novel coronavirus COVID-19 (such as quarantine, lockdown and travel restrictions) in the first half of 2020, resulting in the delay in work schedule of construction projects on hand and under construction of the Group in and outside China in the first half of the year and thus the Group's revenue is expected to decrease by approximately 31% as compared to the corresponding period of 2019.