Credit China Holdings Limited provided earnings guidance for the full year ended 31 December 2014. The Group expected to record a material decrease of approximately 56% in its profit attributable to owners of the company for the year ended 31 December 2014 as compared with the corresponding period in 2013. Such expected decrease was mainly due to factors from non-operating items and discontinued business set out below: A one-off significant appreciation of approximately RMB 76 million in fair value for Shanghai property investment occurred for the year ended 31 December 2013.

The company expects to record only an increase of approximately RMB 10 million in fair value for the same property investment for the year ended 31 December 2014; The reversal of a contingent consideration receivable of approximately RMB 8 million recognized for the acquisition of a third-party payment company in November 2013. In 2014, UCF Pay delivered profits beyond the guarantee level and therefore the contingent consideration receivable recognized in 2013 needs to be reversed; and A technical provision for bad debts of approximately RMB 26 million made for microloan business in Chongqing for the year ended 31 December 2014.