China Investments Holdings Limited provided preliminary unaudited consolidated earnings guidance for the year ended December 31, 2015. The board of directors of the company informed the shareholders of the company and potential investors that the Group is expected to record a substantial decline in the profit for the year ended December 31, 2015 as compared to a profit in last year. The decline in the profit for the year ended December 31, 2015 is mainly attributable to the following reasons: (1) an one-off gain on bargain purchase amounting to approximately HKD 86,388,000 was recognized for the year ended December 31, 2014, but there is no such gain for the year ended December 31, 2015; (2) a substantial increase in finance cost of approximately HKD 17,930,000 for the year ended December 31, 2015 as compared to last year; and (3) an increase in fair value of properties amounting to HKD 7,895,000 for the year ended December 31, 2014 turned to an impairment loss on properties amounting to approximately HKD 1,440,000 for the year ended December 31, 2015.