China Electronics Corporation Holdings Company Limited provided consolidated earnings guidance for the year ended December 31, 2014. For the year, the company expected to record a decline of approximately 40% to 50% in consolidated profit attributable to owners of the company as compared to the year ended December 31, 2013. Such expected decline in profit was primarily due to the recognised a one-off gain of approximately HKD 120 million from the disposal of its 50% equity interest in a joint venture, Guangxi CEC Future Investment Land Co.

Ltd. for the year ended December 31, 2013 and an increase in the Group's finance costs-net for the year ended December 31, 2014 as compared to the year ended December 31, 2013 which resulted from the Company's issuance of the 4.70% unsecured bonds due 2017 in the principal amount of RMB 2,750 million in January 2014 to support the Group's business expansion and development.