New World Department Store China Limited provided earnings guidance for the year ended June 30, 2015. For the year, the company expects that the profit attributable to equity holders of the company would decrease substantially by approximately 85% as compared to the year ended June 30, 2014. Such decrease in the profit attributable to equity holders of the company is mainly attributable to an estimated loss on one-off provision for stores closure and an estimated impairment loss on property, plant and equipment.

Without taking into account the aforesaid one-off loss on stores closure provision and the impairment loss on property, plant and equipment for the year ended June 30, 2015, the profit attributable to equity holders of the Company for the year ended June 30, 2015 would decrease by approximately 50% as compared to the year ended June 30, 2014.