The board of directors of Milan Station Holdings Limited announced that the group is expected to record a significant increase in net loss of approximately HKD 53 million for the year ended December 31, 2014 as compared with approximately HKD 38 million for the year ended December 31, 2013. The expected loss is primarily attributable to the continuing slowdown in the retail market for luxury handbags, changing tourism policy in China and the impacts of the Occupy Central movements in the second half of 2014.