Sandmartin International Holdings Limited provided group earnings guidance for the six months ended December 31, 2014. The Group expects to record an increase in net loss of more than 100% for the six months ended December 31, 2014, when compared to the net loss of HKD 101 million for the year ended 30 June 2014. The expected considerable increase in net loss is mainly comprised of (i) estimated impairment loss on customers' receivables of approximately HKD 82 million; (ii) estimated operational and restructuring losses arising from the business of E-passing Co.

Ltd., a wholly-owned subsidiary of the Company of approximately HKD 66 million; (iii) estimated loss from the impairment on bond receivable of approximately HKD 31 million; and (iv) estimated impairment loss on available-for-sale financial assets of approximately HKD 41 million.