China Ludao Technology Company Limited provided consolidated earnings guidance for the six months ended June 30, 2015. For the period, the company expects consolidated loss compared with a profit after tax for the corresponding period last year. Such expected loss was primarily due to the recognition of the expenses related to the share- based payment which a valuation is still being processed by a valuer.

Excluding the profit and loss effect of the share-based payment, the Group had an increase in unaudited consolidated profit compared to the corresponding period in 2014. In addition, the share-based payment will have no effect on the group's operating cash flow.