Lifetech Scientific Corporation provided earnings guidance for the full year ended December 31, 2014. For the year ended December 31, 2014, the expected fair value loss will be approximately RMB 116,443,000, which represents an increase of approximately 74.4% as compared to the fair value loss incurred during the year in 2013. The increase of the fair value loss was caused by the increase on share price of the company in the year ended December 31, 2014.

Based on the expectation that there will be an increase in operating profit for the year ended December 31, 2014 as compared to the year of 2013 before taking into account the fair value loss which is non-operating and non-cash in nature, the board is of the view that the Group's operating and financial positions are healthy and the board remains positive on the prospects of the Group.