The board of directors of Truly International Holdings Ltd. announced that, based on the information currently available to the company, it is expected that the consolidated profit attributable to owners of the company for the year ended December 31, 2014 may decrease by more than 30% as compared to the consolidated profit of approximately HKD 1,620 million attributable to owners of the company for the year ended December 31, 2013. The Board believed that the expected decrease in the consolidated profit attributable to owners of the company for the year ended December 31, 2014 was primarily attributable to the following reasons: Income Tax Expense - an overprovision of income tax in respect of year 2012 of approximately HKD 68 million was recognised during the same period last year; and Gross Margin Dropped - main reason is that the Group's major products' average selling price was reduced when compared to last year same period.