TOMO Holdings Limited provide that based on the preliminary review of the Group' s unaudited consolidated management accounts for the six months ended 30 June 2020, the Group recorded significant decreases in revenue by approximately 67.8% and gross profit by approximately 81.6% for the six months ended 30 June 2020 as compared to the corresponding period in 2019. Such decreases were mainly attributable to: (i) the decrease in total sales volume for the newly registered passenger vehicle and demand of products and services from customers in Singapore mainly attributable to the temporary closure of the Car Dealer and Distributor' s showrooms for the period from 7 April 2020 to 18 June 2020 (both days inclusive) due to the safe distancing measures implemented by the Ministry of Health of Singapore to curb further spread of COVID-19; (ii) temporary closure of business operation from 7 April 2020 to 1 June 2020 (both days inclusive) due to the 2020 Singapore circuit breaker measures as a preventive measure by the Government of Singapore in response to the COVID-19 pandemic. It is expected that the Group will record significant decreases in revenue and gross profit for the six months ending 30 June 2020 as compared to the corresponding period in 2019.