eSun Holdings Limited provided preliminary unaudited consolidated earnings guidance for the six months ended January 31, 2015. For the period, the board of directors of the company announced to the shareholders of the company and potential investors that the unaudited interim results attributable to the owners of the company for the six months ended 31 January 2015 are expected to record a significant decrease from that of the unaudited profit attributable to owners of the company of HKD 113.5 million for the six months ended 31 January 2014. The expected decrease in the Group's results for the Period is primarily due to: a significantly lower revaluation gain arising in the revaluation of the investment properties of Lai Fung Holdings Limited and its subsidiaries for the Period as compared to the same period last year; and the fair value loss, mainly as a result of worse than expected outlook on Renminbi depreciation, arising on the cross currency swap which was entered into in relation to RMB 1.8 billion senior notes issued by Lai Fung in 2013.

The effect of the fair value loss on the consolidated income statement of the company will either be reversed or offset by the exchange gain arising from the RMB 1.8 billion senior notes upon the expiry of the cross currency swap contracts.