Universal Technologies Holdings Limited provided earnings guidance for the six months ended June 30, 2015. The company's revenue for the six months ended June 30, 2015 is expected to record an increase as compared to the revenue for the corresponding period in 2014, the group may record a material net loss attributable to the shareholders of the company for the six months ended June 30, 2015 as compared to the net profit attributable to shareholders of the company for the corresponding period in 2014. Based on the information currently available, the board considers that such potential turnaround from profit to loss was mainly due to the increase in operating costs which is primarily attributable to the following factors in order to further develop its payment business in China and to facilitate the launch of new products, the Group has increased its resources considerably in the research of its products and solutions.

Since the first half of 2015, the Group has increased its sales efforts in China. The costs involved in this connection are material when compared to the revenue generated from its payment business.