Ernest Borel Holdings Limited provided earnings guidance for the six months ended 30 June 2015. Based on the Board's preliminary review of the unaudited consolidated management accounts of the Group for the six months ended 30 June 2015, it is expected that the profit of the Group for the six months ended 30 June 2015 would decrease substantially as compared to that of the corresponding period in 2014. This expected decrease is primarily attributable to a decrease in revenue of approximately 24% and decrease in gross profit and margin due to slow-down in the economic growth of PRC and weakened consumer sentiment leading to a decrease in orders placed by watch retailers and authorized distributors.