Billion Industrial Holdings Limited board of directors of the company announced to the shareholders of the company and potential investors that, based on a preliminary assessment by the management of the Group on the unaudited consolidated management accounts of the Group for the year ended 31 December 2014, the Company expects to record a substantial decline in the Group's profit for the Year as compared with that for the year ended 31 December 2013 despite an increase in the sales volume of the Group's products. The decline was primarily attributable to (i) the slowdown in China's economic growth during the Year; (ii) the chemical fiber industry having been in a downward cycle during the Year; and (iii) a decrease in the average selling prices of the Group's products and the gross profit of the Group as compared with those for the year ended 31 December 2013.