The board of directors of L'sea Resources International Holdings Limited announced that the Group is expected to a net loss for the year ended 31 December 2014 as compared to the audited net profit for the year ended 31 December 2013. The Board considers that such difference was mainly attributable to a decrease in non-recurrent incomes as compared to the last year, which was attributable to a gain on repurchase of convertible bonds of HKD 193 million recognized in the year ended 31 December 2013 whereas no such gain was recognized in the year ended 31 December 2014.