China Seven Star Holdings Limited provided earnings guidance for the year ended December 31, 2014. The board of directors of the company announced that after a preliminary review on the Group's unaudited consolidated management accounts and the assessment of information currently available, the Group is expected to record an unaudited consolidated loss attributable to owners of the Company for the year ended December 31, 2014 which increased substantially as compared with the audited consolidated loss attributable to owners of the Company for the year ended December 31, 2013. This is mainly attributable to the Group has recorded decreases in both revenue and gross margin for the year ended December 31, 2014 as no revenue was generated from the Group's retail and distribution of consumer products and television advertising businesses due to keen competition from low pricing internet sales platforms; and keen competition of selling of advertising air time from the second half of 2013, and the Group was unable to compete with other suppliers after losing the exclusive agency rights, the Group has engaged in a new business of trading chemical materials which has a low gross profit, there were write back of agency fees payable of approximately HKD 19,416,000, write back of other payables and accruals of approximately HKD 8,984,000 and write back of trade payables of approximately HKD 3,344,000 for the year ended December 31, 2013 but there was only write back of other payables and accruals of approximately HKD 1,551,000 for the year ended December 31, 2014; and there was share-based payment expenses of HKD 12,583,000 recognized in relation to the share options granted by the Company on November 04, 2014.