Timeless Software Limited provided earnings guidance for the year ended 31 March 2020. For the year, the Group is expected to record a loss much bigger than that of the year ended 31 March 2019. The net loss of the Reporting Period was mainly attributable to (i) share of loss of an associate due to its weak performance caused by decrease in offline e-Sport activities and revenue of the eSports stadium resulting from the social and economic issues in Hong Kong; and (ii) the impairment loss on mining assets in relation to the Baishiquan Nickel-copper Mine and impairment loss on interests in an associate engaging in e-Sport activities as assessed in accordance with the Group's accounting policies. The company announced that its net loss for the Reporting Period is expected to be not less than HKD 98 million.