China Netcom Technology Holdings Limited provided consolidated earnings guidance for the full year ended December 31, 2014. The board of directors of the company informed the shareholders of the company and potential investors that it is expected that the annual results of the group for the year ended December 31, 2014 will record a significant loss as compared to the corresponding period in 2013. This is primarily attributable to the impairment loss of the concession rights assets.

Based on the information currently available, it is estimated that such impairment loss will amount to not less than HKD 315 million but such amount is subject to audit by the company's auditors and the actual amount may differ from the amount currently estimated.