Shougang Concord Century Holdings Ltd. provided earnings guidance for the six months ended 30 June 2015. The Board updated upon further review by the Company of the latest unaudited management accounts of the group, it is expected that the unaudited consolidated loss will be further increased to in the range of HKD 190,000,000 to HKD 200,000,000. Such increase is mainly attributable to the recognition of an impairment loss on the carrying value of property, plant and equipment of the group. The company previously announced that it is expected that the group will record an unaudited consolidated loss in the range of HKD 80,000,000 to HKD 90,000,000 for the six months ended 30 June 2015 as compared to an unaudited consolidated loss of HKD 38,397,000 for the six months ended 30 June 2014, representing an increase of 108% to 134%.

The company announced that an impairment loss of HKD 93,000,000 is expected to be recognised on the property, plant and equipment of the Group for the six months ended 30 June 2015.