Hengxing Gold Holding Company Limited announced to the shareholders of the company and potential investors that, based on the unaudited consolidated management accounts of the Group for the year ended December 31, 2014, it is expected that the Group would continue to record a consolidated net loss of the Group amounting to approximately RMB 35 million for the year ended December 31, 2014, which would decrease by approximately RMB 55 million as compared to that of the corresponding period in 2013. The consolidated net loss of the Group for the year ended December 31, 2013 was approximately RMB 90 million.