China Investment and Finance Group Limited reaffirmed group earnings guidance for the year ended March 31, 2014. The Group expected to incur a substantial increase in the loss for the year ended March 31, 2014 as compared to the loss for the year ended March 31, 2013. Such loss was mainly attributable to the substantial impairment loss on convertible bonds of Double Sky Holdings Limited for reason of the litigation proceedings as disclosed in the litigation announcement of the company dated April 28, 2014.