The board of directors of China Sandi Holdings Limited informed the shareholders of the company and potential investors that based on preliminary management accounts of the group and information currently available to the company, the group is expected to record a loss for the year ended 31 March 2014 as compared to a profit for the year ended 31 March 2013. The turnaround of the annual results of the group was mainly attributable to the loss arising from changes in fair value less costs to sell of biological assets, the loss on measurement of disposal group at fair value less costs to sell and the loss arising from the disposal of subsidiaries engaged in the tree plantation and management, manufacture and distribution of foresting products and ecological activities.