Timeless Software Limited provided earnings guidance for the three months ended 30 June 2022. For the quarter the company expects to record a loss of not more than HKD 3 million for the Reporting Period, as compared to net profit of HKD 26.4 million for the corresponding period in 2021. The net loss of the Reporting Period was mainly attributable to (i) the substantial decrease in revenue after completion of production activities of phase one of the Baishiquan nickel mine in 2021; and (ii) operating expenses of HKD 2.7 million incurred for the three months ended 30 June 2022.