The Board of City e-Solutions Limited informed the shareholders of the company and potential investors that the Group expects to record a loss of about HKD 19 million for the year ended 31 December 2014 subject to the finalisation and necessary adjustments to the financial statements of the Group. The Board considers that the loss was mainly attributable to a decrease in the net unrealised gains arising from fair value readjustments of the Group's trading securities and an increase in the net unrealised foreign exchange losses as a result of the unfavourable movements in the Group's currency portfolio as at reporting date.