The board of directors Kiu Hung International Holdings Limited informed the shareholders of the company and potential investors that based on the information currently available, the group is expected to record a substantial increase in loss for the year ended 31 December 2014 as compared to the loss for the year ended 31 December 2013. Based on the information currently available to the group, the anticipated substantial increase in loss was mainly attributable to a significant amount of provision for impairment of investment in an associate of the group.