Timeless Software Limited provided earnings guidance for the three months ended June 30, 2020. The board of directors of the company announced that based on preliminary assessment on the unaudited consolidated accounts of the Company for the three months ended 30 June 2020 the Group is expected to have a net profit not less than HKD 8 million for the Reporting Period as compared to the loss for the corresponding period in 2019. The net profit was mainly attributable to the increase in turnover generated by the Mining Business because of increase in sales volume of high grade ores by 3.3 times and nickel concentrate by 60% respectively, and decrease in production cost of high grade ores.