The board of directors of China Properties Investment Holdings Limited informed the shareholders and potential investors of the company that based on the information currently available to the management of the company and the preliminary review of the group's unaudited consolidated management accounts for the six months ended September 30, 2015, the unaudited consolidated net loss of the Group for the six months ended September 30, 2015 will show a significant increase as compared to the unaudited consolidated net loss of the Group for the corresponding period in 2014. The expected net loss is mainly attributable to (a) the impair loss of the intangible assets of the mining rights of the Group resulted primarily from a drop of copper and Molybdenum prices; (b) the loss on the decreased fair value of the investment property of the Group in the People's Republic of China; and (c) decrease in interest income amounted approximately RMB 3.3 million, which was due to settlement of the promissory note in April 2015 and the related interest income was not available for the period ended 30 September 2015.