Chaowei Power Holdings Limited provided earnings guidance for the year ending December 31, 2014. The board of directors based on the information currently available and a preliminary review of the consolidated management accounts of the group for the nine months ended September 30, 2014, notwithstanding that the group recorded a marked increase in the sales volume and revenue for the nine months ended September 30, 2014 as compared to those for the corresponding period in 2013, it is expected that the group's profit for the same period and the year ending December 31, 2014 will show a significant decrease, which was mainly attributable to the decrease in selling price of the lead-acid motive batteries due to intense competition in the market of the PRC.