The board of directors of Winsway Enterprises Holdings Limited announced shareholders and potential investors of the company that after a preliminary review of the group's unaudited consolidated management accounts for the six months ended June 30, 2014 and information currently available, the group is expected to record a materially increased consolidated loss for the six months ended June 30, 2014 as compared to that of the same period in 2013. Such material increase in loss is primarily attributable to on June 27, 2014, the board resolving to commit to a plan to reduce the Company's equity interest in its 60% owned subsidiary, Grande Cache Coal Corporation, to a level at which the Group would cease to hold a majority or controlling interest in GCC and the board expects a significant impairment to be recorded due to the price of coking coal continuing to decline; and the current market requires a higher rate of return for business acquisition in the mining industry.