K&P International Holdings Ltd. provided consolidated earnings guidance for the year ended December 31, 2014. The board of directors of the company informed the shareholders of the company that, based on a preliminary evaluation of the consolidated management accounts of the group, which have not been reviewed by the company's auditors, the group is expected to record a significant decrease in the consolidated profit before tax for the year ended 31 December 2014 as compared to the same period in 2013. The said decrease is mainly due to the increase in costs of production of the group's consumer electronic products, the decrease in number of orders placed by the group's customers for its consumer electronic products in 2014 and decrease in income from derivative financial instruments purchased to manage the impact of the appreciation of Renminbi compared to those in the same period in 2013.