The board of directors of China Ground Source Energy Industry Group Limited informed that the shareholders of the company and potential investors that it is expected to record a substantial decrease in net profit of the unaudited interim results of the company and its subsidiaries for the six months ended 30 June 2015 as compared with the net profit for the corresponding period last year. Such decrease in net profit was mainly attributable (i) the decrease in gross profit margin resulted by the decrease in projects with higher profit margin; (ii) the decrease in other revenue during the review period as compared with that of corresponding period last year which has recorded a large amount of government subsidies; and (iii) increase in share-based payment mainly due to the expenses incurred by the share options granted in August 2014.