Global Bio-chem Technology Group Company Limited provided earnings guidance for the six months ended 30 June 2014. The company expects that the net loss will be increased significantly as compared to the net loss minus impairment loss of properly, plant and equipment for the six months ended 30 June 2013. The Directors consider that such significant increase in net loss was mainly attributable to the decline in the average selling prices and demand of the group's products and the impairment for the inventories of the products of the group due to the decrease of selling prices.

It is expected that the net loss for the period will be significantly higher than HKD 985 million (which is the total net loss for the six months ended 30 June 2013 in the amount of approximately HKD 1,566 million minus impairment loss of property, plant and equipment of approximately HKD 581 million for the six months ended 30 June 2013).