The Board of MIE Holdings Corporation informed the holders of the company's shares and other securities and potential investors that based on the Board's preliminary assessment of the information on hand pending finalization of consolidation of the results of the Group for the six months ending 30 June 2015, the Group may record a loss as compared to a profit for the corresponding period in 2014. The above change is primarily due to the significant drop in global crude oil prices and accordingly average oil price realized and net oil sales revenue realized from its China and Kazakhstan operations in the first half of 2015 compared to first half of 2014.