IBO Technology Company Limited provided earnings guidance for the six months ended 30 September 2019. The company expected to record a significant decrease in the profit attributable to the owners of the Company during the Reporting Period as compared to that in the corresponding period of 2018, and this is mainly attributable to the following reasons: Significant increase in financial expenses in relation to the bonds and convertible bonds issued by the Group; Loss on change in fair value of convertible bonds was recorded; Significant increase in share option expenses; Net exchange loss was recorded during the Reporting Period, while net exchange gain was recorded in the corresponding period of 2018; Significant increase in the related amortization expenses of intangible assets due to the acquisition of Weitu Group (as defined in the announcement of the Company dated 13September 2018); and Additional manpower was required for continuous expansion of the business scale of the Group. As at 30 September 2019, the number of employees increased by approximately 70% as compared with 30 September 2018, resulting in an increase in staff costs.