The board of directors of Cosmos Machinery Enterprises Ltd. announced that, based on the preliminary review of the consolidated management accounts of the group for the financial year ended December 31, 2014, the group expects to record an insignificant loss for the financial year ended December 31, 2014 as compared to the net profit for the financial year ended December 31, 2013. The net profit for the financial year ended December 31, 2013 was recorded due to a gain of approximately HKD 217 million on disposal of equity interest of an associate appeared in 2013. The gain was one off and did not recur in 2014.