Tianjin Jinran Public Utilities Company Limited board of directors announced that after a preliminary review on the Group's unaudited consolidated management accounts for the six months ended June 30, 2014, the Group expects to record a substantial decrease in profit and total comprehensive income for the six months ended June 30, 2014 as compared to that for the six months ended June 30, 2013. This is mainly due to: the gas connection income has decreased due to the relatively sluggish property market in Tianjin, resulting in a decrease in demand of piped gas connection services from the Group; and the decrease in demand for piped gas from a major customer of the Group due to the upward price adjustment of natural gas effective from July 2013 as directed by the Tianjin municipal price bureau.