The Board of directors of Hua Lien International Holding Co. Ltd. announced that based on the preliminary assessment by the Board of the unaudited consolidated management accounts of the Group for fiscal year 2015, the directors expected that the financial performance for fiscal year 2015 will record a deterioration of over 150% as compared to the results for fiscal year 2014. The Board expects that the net loss for fiscal year 2015 will be approximately HKD 500 million.

Comparing with the financial performance of fiscal year 2014, the Group expects to record a substantial impairment loss on certain assets including, inter alia, goodwill and PP&E, of approximately HKD 300 million for fiscal year 2015.