Based on the preliminary review by the board of directors of Rising Power Group Holdings Limited of the unaudited consolidated management accounts of the Group for the three months ended 30 June 2014, the group expects to record a consolidated net loss of approximately HKD 7.8 million for the three months ended 30 June 2014 as compared with the consolidated net loss of approximately HKD 5.6 million for the three months ended 30 June 2013. The Board considers that such loss was mainly attributable to the significant increase in administrative expenses incurred by the Group for its proposed acquisition of 75% equity interest of Hong Kong Automobile Restoration Group Limited which amounted to approximately HKD 2.9 million.