Orange Sky Golden Harvest Entertainment Holdings Limited announced that based on the preliminary assessment of the latest unaudited financial information, it is expected that the Group's profit for the six months ended June 30, 2014 will decrease significantly by approximately 75% as compared with that for the six months ended 30 June 2013 of HKD 50.2 million. The decrease in profit was mainly attributable to (i) the expected exchange losses of approximately HKD 5.6 million (as compared with the exchange gains of HKD 12.6 million for the corresponding period of 2013) resulting from the depreciation of Renminbi; and (ii) a decrease in the profit generated from the Group's film distribution and sales of TV programme business of approximately HKD 28 million, as fewer audience-drawing films were distributed in Hong Kong and the PRC and less revenue was generated from sales of the TV drama series for the reporting period. The Board stress that the expected exchange loss is not expected to have any cash flow impact on the financial strength of the Group.