The board of directors of Jiangsu Nandasoft Technology Company Limited announced that, based on the preliminary review of the unaudited consolidated management accounts of the company and its subsidiaries for the year ended 31 December 2014, the group is expected to record a loss for the year ended 31 December 2014 as compared to the profit of RMB 2,176,000 for the corresponding period in year 2013. The expected loss is primarily attributable to the continuous decline in the group's turnover in its business operation due to the aggravated economic downturn experienced generally by the information technology industry in year 2014 and for the year ended 31 December 2013, the revaluation income of property investment was approximately RMB 62,213,000. The above benefit is predicted to have a sharp decline in 2014.