The board of directors of Computime Group Limited announced that based on information currently available to the Board, the net profit attributable to owners of the Company for the six months ended 30 September 2020 (the "First Half of FY20/21") is expected to decline by a range of approximately 85% to 95%, as compared to the net profit for the same period last year. The decline in net profit is mainly attributable to (i) the disruption in customers' demand and supply chain as a result of the lock down measures taken in the key markets to combat the COVID-19 outbreak; and (ii) an one-off restructuring cost (including redundancy expenses) incurred as part of the process to re-engineer the cost base for future benefits.