Grand Field Group Holdings Ltd. provided earnings guidance for the six months ended 30 June 2014. The board of directors of Grand Field Group Holdings Limited expected to record a significant increase in the loss attributable to the shareholders of the Company for the six months ended 30 June 2014 as compared with the same period last year. Such significant increase in loss was mainly attributable to (a) the provision made for legal costs of HKD 20 million having considered by the Board that (i) the Judgment which is not in favour of the Company; (ii) the liability of the Company to reimburse the costs previously paid by Mr. Tsang Wai Lun Wayland on behalf of the Company incurred and occasioned by the Action; and (iii) the result of the Appeal is uncertain; (b) recognition of the fair value of the share options amounting to approximately HKD 7.96 million for the granting of share options to the directors and certain employees of the Group in May 2014; and (c) recognition of loss on changes in fair value of derivative component of convertible bonds issued by the Company of approximately HKD 3.20 million, after being valued by an independent professional valuer engaged by the Company.