The board of directors of World Wide Touch Technology (Holdings) Limited announced to the shareholders of the company and investors that based on the information currently available to the company, the Group is expected to record a significant improvement in the financial results for the six months ending June 30, 2015 as compared with the same period in 2014, mainly attributable to (i) a significant decrease in depreciation due to the impairment losses made on the carrying amounts of certain assets of the Group such as machineries, (ii) a significant decrease in administrative expenses of the Group in addition to the decrease in depreciation mentioned in (i) above, (iii) an improvement in connection with the share of loss and impairment provision for associates, despite an offset by a significant decrease in the gain from the disposal of shares in investee companies by the Group.
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