The board of directors of the L & A International Holdings Limited announced that based on the information currently available and preliminary review of the unaudited consolidated management accounts, without taking into account the listing expense incurred for the listing of the company on the stock exchange of Hong Kong Limited, the consolidated results for the nine months ended 31 December 2014 is expected to record a substantial decrease in the profit attributable to the owners of the group as compared to the corresponding nine months ended 31 December 2013. Such decrease is mainly attributable to, a decline in retail revenue as a result of deteriorating consumer sentiment, warmer than usual winter season and local protest that reduced the number of shoppers and tourists, a slight decrease in OEM revenue due to lower cashmere contents of OEM products sold and an increase in operating and administrative cost.