The board of directors of United Photovoltaics Group Limited announced that based on a preliminary review on the unaudited consolidated management accounts of the group for the year ended December 31, 2014, the group is expected to record a net profit for the year as compared to the net loss recorded for the corresponding period in 2013. This was mainly attributable to, among other things, the combined impact of the increase in the electricity generation volume of the solar power plants acquired in 2013, the contribution from electricity generation by solar power plants acquired during the year and the gain on revaluation of certain derivative financial instruments.